LDK Solar Provides Update on China Development Bank Financing

        LDK Solar Provides Update on China Development Bank Financing

  PR Newswire

  XINYU CITY, China and SUNNYVALE, Calif., Jan. 4, 2012

XINYU CITY, China and SUNNYVALE, Calif., Jan. 4, 2012 /PRNewswire/ -- LDK
Solar Co., Ltd. ("LDK Solar"; NYSE: LDK), a leading vertically integrated
manufacturer of photovoltaic products, today announced that China Development
Bank Corporation ("CDB") has recently approved a fifteen-year project loan for
two solar power plants with a total capacity of 8 Megawatts ("MW") combined.
The solar power plants are located in California and are wholly-owned by LDK
Solar. CDB has also approved a fifteen-year buyer's credit to KDC Solar LLC
("KDC") for its two New Jersey solar power plants, Imclone and White Rose,
consisting of 14.7 MW of its 300 MW portfolio. Additionally, CDB approved
two-year construction financing to EPC contractor, Solar Power Inc. ("SPI"), a
company majority owned by LDK Solar, for its undertaking of the New Jersey
projects.

"The credit support from CDB not only satisfies LDK Solar's own PV project
financing demand, but also meets the end customer's financing needs, which is
expected to greatly promote LDK Solar's module sales and EPC business," stated
Xiaofeng Peng, chairman and CEO of LDK Solar. "With the continuous support
from CDB, LDK Solar will continue expanding its self-owned project development
overseas, establish strategic partnerships and maintain a long-term stable
cooperation with project owners to achieve a win-win situation for both
parties."

About LDK Solar (NYSE: LDK)

LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated
manufacturer of photovoltaic (PV) products. LDK Solar manufactures
polysilicon, mono and multicrystalline ingots, wafers, cells, modules,
systems, power projects and solutions. LDK Solar's headquarters and principal
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
LDK Solar and its products, please visit www.ldksolar.com .



Safe Harbor Statement for 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 projects, 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 PV 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.

Website: http://www.ldksolar.com
Contact: CONTACT: Lisa Laukkanen of The Blueshirt Group, +1-415-217-4967,
lisa@blueshirtgroup.com, 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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