LDK Solar Constructing New Solar Cell And Module Facility

LDK Solar Co. Ltd., a manufacturer of multicrystalline solar wafers, polysilicon and PV products, says the Anhui Provincial Government in China has invited LDK Solar to invest in a solar cell and module facility in Hefei High-Tech Industrial Development Zone in order to establish a renewable energy manufacturing hub in the province.

The facility will include a total annualized capacity of 1 GW of crystalline-based solar cells and 500 MW of solar modules. Production is expected to commence in the second quarter of 2011. Hefei High-Tech Construction and Investment Group will provide financing of RMB 2.5 billion to LDK Solar for up to three years to build this facility.

SOURCE: LDK Solar Co. Ltd.

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