LDK Solar Signs Module Supply Contract with Enel
XINYU CITY, China and SUNNYVALE, Calif., July 13
XINYU CITY, China and SUNNYVALE, Calif., July 13 /PRNewswire-FirstCall/ -- LDK
Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading manufacturer of solar
wafers and PV products, today announced that it has signed a module supply
contract with Italy-based Enel.Si S.r.l., a wholly owned subsidiary of Enel
S.p.A. Under terms of the agreement, LDK Solar will supply Enel with LDK
Solar branded modules totaling 50 megawatts (MW), with 30 MW deliverable in
this quarter and an option for an additional 20 MW in the fourth quarter of
"We are very pleased to enter this sales agreement with Enel, a globally
recognized power provider and dedicated leader in the production of PV
systems," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "As
demonstrated by this contract, our module business continues to build
momentum. We hope to continue to expand our relationship with Enel and
partner on future projects."
About LDK Solar (NYSE: LDK)
LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated
manufacturer of photovoltaic (PV) products and the world's largest producer of
multicrystalline wafers. LDK Solar manufactures polysilicon, mono and
multicrystalline ingots, wafers, modules, and engages in project development
activities in selected segments of the PV market. Through its broad product
offering of mono and multicrystalline solar wafers and modules, LDK Solar
provides its customers with a full spectrum of solutions. LDK Solar's
headquarters and manufacturing facilities are located in Hi-Tech Industrial
Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK
Solar's office in the United States is located in Sunnyvale, California. For
more information about our company and products, please visit www.ldksolar.com
About Enel.Si S.r.l.
Enel.Si S.r.l. is an Enel Group company listed on the Milan stock exchange.
Enel.Si S.r.l. is a dedicated national leader in the production of
photovoltaic systems to households and businesses with over 100 MW installed.
The Company also has a network of franchisees with over 500 qualified
installers present throughout the national territory.
Enel S.p.A is a world leader utility with 20.7 TWh/year produced in 2009,
covering the energy consumption of 7.8 million families and avoiding over 15
million tons of CO2 emissions every year. Installed capacity from wind,
solar, geothermal, hydroelectric water flow and biomass energy sources is over
5,700 MW and there are over 600 plants in operation or under construction
around the world. Enel Green Power, building on Enel's competencies in this
sector, aims to grow by substantially increasing both installed capacity and
efficiency. The company's objective is to develop and manage energy
generation from renewable sources at an international level, with a presence
in Europe and the American continent.
Safe Harbor Statement – LDK Solar
This press release contains forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact in this press
release are forward-looking statements, including but not limited to, LDK
Solar's ability to raise additional capital to finance its operating
activities, the effectiveness, profitability and marketability of its
products, the future trading of its securities, the ability of LDK Solar to
operate as a public company, the period of time during which its current
liquidity will enable LDK Solar to fund its operations, its ability to protect
its proprietary information, the general economic and business environment and
conditions, the volatility of LDK Solar's operating results and financial
condition, its ability to attract and retain qualified senior management
personnel and research and development staff, its ability to timely and
efficiently complete its ongoing construction projects, including its
polysilicon plants, and other risks and uncertainties disclosed in LDK Solar's
filings with the Securities and Exchange Commission. These forward-looking
statements involve known and unknown risks and uncertainties and are based on
information available to LDK Solar's management as of the date hereof and on
its current expectations, assumptions, estimates and projections about LDK
Solar and the solar industry. Actual results may differ materially from the
anticipated results because of such and other risks and uncertainties. LDK
Solar undertakes no obligation to update forward-looking statements to reflect
subsequent events or circumstances, or changes in its expectations,
assumptions, estimates and projections except as may be required by law.
SOURCE LDK Solar Co., Ltd.
Contact: Lisa Laukkanen of The Blueshirt Group, +1-415-217-4967,
firstname.lastname@example.org, for LDK Solar; or Jack Lai, Executive VP and CFO of
LDK Solar Co., Ltd., +1- 408-245-8801, IR@ldksolar.com
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