By .(JavaScript must be enabled to view this email address) - 17 November 2009, 23:50
In News

LDK Solar signs deal to sell 15% interest in polysilicon plant to Jiangxi International Trust

LDK Solar has signed an an agreement to sell a 15% ownership stake in its 15,000MT annualized capacity polysilicon plant in Xinyu City, China, to Jiangxi International Trust and Investment. The purchase price is approximately RMB1.5 billion (about US$219 million).

"We are very pleased with the continued support of our business from local financial institutions, as evidenced by this recent development," said Xiaofeng Peng, chairman/CEO of LDK Solar (pictured). "Jiangxi International Trust and Investment Co.'s investment in our 15,000 MT polysilicon plant will significantly strengthen our financial position and increase our near-term operating flexibility.

"We are pleased with the ongoing progress in ramping our 15,000 MT plant and look forward to providing a comprehensive update during our upcoming earnings call," he added. The quarterly earnings conference call will take place Monday, Nov. 23.

The company completed the first production run at the Xinyu City plant in early September. LDK is also mired in a legal dispute over its wafer supply agreement with Q-Cells.

All
News
Blog Posts
TV & Video

Photovoltaics International 14th Edition

Published in November 2011, the 14th edition of Photovoltaics International provides a variety of technical papers from some of the industry’s stalwarts. Features include: TÜV Rheinland on junction box testing; Laser Zentrum Hannover on laser edge isolation of mc-Si cells; Calisolar on the importance of traceability; Fraunhofer ISE on EWT cells; and EPIA on Europe’s LCOE.
Photovoltaics International Lite, Volume 05 - 2011

This digital interactive Lite sees Tom Cheyney follow Agua Caliente’s progress on becoming one of first truly utility-scale PV power farms, where 40–50MW (AC) will be commissioned by the end of the year. We also feature one of the world’s largest silicon thin-film PV power plants, Avenal; a report on warnings of the collapse of module prices from Solarbuzz and PI-Berlin presents tips on PV module testing. A print version of this edition will be distributed at Solar Power International 2011 in Dallas, Texas.
Manufacturing The Solar Future: The 2011 Production Annual

Manufacturing the Solar Future is the primary source guide for detailed information on the PV production process. This annual provides technical details on how the leading companies and research organizations worldwide are addressing this need by dramatically improving their manufacturing processes.

LDK Solar signs deal to sell 15% interest in polysilicon plant to Jiangxi International Trust

We Recommend

Latest in News

1. CIGS finance - the end of the [credit] line for VCs?

2. REC: forget the Q4 financials - dive into the details

3. Lawsuit filed against US government over allegations of offering US$1.2 billion bailout of SunPower

4. Jobs lost as Sanyo decides to shut down California factory

5. PV-Tech Newscast - February 10, 2012

1. Lawsuit filed against US government over allegations of offering US$1.2 billion bailout of SunPower

2. Jobs lost as Sanyo decides to shut down California factory

3. Roth & Rau posts 2011 revenue of €208 million; plans faster restructuring and job losses

4. PV inverter shipments to reach 52GW in 2014, says IHS

5. Abound Solar claims CdTe thin-film modules with 12%-plus efficiency coming soon

1. PV module costs and prices–what is really happening?

2. Other than First Solar, who holds a low-cost manufacturing benchmark?

3. Solar short takes: Suniva implements ion implantation, First Solar turns knobs, CIGS gets purified

4. Eye on Stion, Part II: Getting a taste of tandem-junction CIGS PV layer cake

5. Don’t look now, but UK PV installation figures are out

1. PV-Tech Newscast - September 8, 2011

2. PV-Tech Newscast - September 2, 2011

3. Canadian Solar: Dr. Shawn Qu discusses ELPS technology & ‘virtually-integrated scale’ manufacturing

4. PV-Tech Newscast - September 30 2011

5. PV-Tech Newscast – November 25, 2011

PV-Tech Newscast - February 10, 2012 (05:57)

PV-Tech Newscast – February 3, 2012 (06:05)

PV-Tech Newscast - January 27th 2012 (06:43)

Partners

Acknowledgements

Solar Media