LDK Solar Co. Ltd. has signed an agreement with Uni Land SPA, an Italy-based firm with operations in land banking, real estate development and renewable energies, to develop and construct PV plants totaling 20 MW in 2010 and 2011.
LDK Solar will manage engineering, procurement and construction of the plants and will also supply the solar modules. Uni Land will finance the PV project operations. In addition to the agreement to develop PV plants, Uni Land purchased a 1 MW plant located in Apulia region of Italy with mono-axis technology from LDK Solar for 5 million euros.
SOURCE: LDK Solar Co. Ltd.