LDK Solar Announces Development of 12 MW PV Project in Italy

         LDK Solar Announces Development of 12 MW PV Project in Italy

PR Newswire

XINYU CITY, China and SUNNYVALE, Calif., Nov. 9, 2012

XINYU CITY, China and SUNNYVALE, Calif., Nov. 9, 2012 /PRNewswire/ --LDK
Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading vertically integrated
manufacturer of photovoltaic (PV) products, today announced that its
subsidiary company, Solar Green Technology ("SGT") of Italy, has completed
design and construction of a 12 megawatt (MW) PV project known as "Century."

The Century project consists of industrial rooftop PV plants ranging between
300 and 1,000 kilowatts (kW), located throughout Italy. A portion totaling
approximately 7.8 MW of this project has been completed and 40% of the
financing was provided by LDK Solar. These projects will benefit from the
Fourth Conto Energia, which was issued in May 2011 by the Italian Ministry of
Economic Development and the Ministry of Environment, and provides incentives
based on the type and size of the PV system.

"We are pleased to expand our presence in Italy's solar market through this
project. The completion of these projects demonstrates the existing demand
for solar power in Italy and we look forward to continuing to broaden our
relationships in this region," stated Xingxue Tong, President and CEO of LDK
Solar.

"This project is one of the largest rooftop PV plants. The strategic
partnership between the parties involved confirms that the integration and
cooperation among industry players, such as module manufacturers, EPC
contractors and financial operators, can lead the development and
implementation of projects in Italy with a goal of moving toward grid parity,"
stated Angelo Prete, Managing Director of Solar Green Technology.

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.

About Solar Green Technology

Solar Green Technology is a corporation company, based in Milan, which
operates in the photovoltaic industry in the design, installation and
construction of turnkey plants, either on the roof or on the ground. In July
2009, it became part of LDK Solar Co. Ltd. Within LDK Solar, SGT is
controlled by SPI Solar, a company operating as a global developer and EPC
contractor in the construction of turnkey PV systems.

Safe Harbor Statement

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: Lisa Laukkanen, The Blueshirt Group for LDK Solar,
lisa@blueshirtgroup.com, +1-415-217-4967; Jack Lai, Executive VP and CFO, LDK
Solar Co., Ltd., IR@ldksolar.com, +1-408-245-8801
 
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