LDK Partners with Suqian City on PV Projects

LDK Solar has entered into an agreement with Suqian City of Jiangsu Province, China for the development of solar photovoltaic (PV) projects. According to the agreement, LDK Solar will develop PV power projects in buildings, plants and integration systems, totaling up to 300 megawatts (MW) by 2015.

LDK said the terms, including financing, design and specific location of each of the projects, will require a feasibility study by as well as final approval from relevant governmental departments prior to groundbreaking.

“Suqian City has unique advantages in developing PV projects, with average annual sunshine of up to 3,000 hours as well as strong support from the government for growing the solar energy industry,” said Xu Huiming, Vice Mayor of Suqian City. “Suqian City has become a leading area for the development of the solar PV industry and we hope that our partnership with LDK Solar will further increase our solar resources and promote the expansion of the local solar industry.”

The PV application market has been rapidly developing in China this year and the Chinese government is supporting the establishment of the domestic PV market through the use of governmental financial subsidies including a feed-in tariff and other subsidies for qualifying projects.

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