LDK Solar, a manufacturer of multicrystalline solar wafers headquartered in China, announced that it has entered into an agreement with ESPE Srl, a leading system integrator within the PV sector. LDK Solar will supply wafers for the PV project while ESPE will provide engineering, procurement, and construction services and system integration to develop PV plants in the Apulia region of Italy. Construction has commenced on the first of five plants totalling 5MW.
Xiaofeng Peng, Chairman and CEO of LDK Solar, expressed his excitement at the expansion, remarking that “the PV market in Italy is one of the most interesting European markets and is forecasted to grow significantly over the next three years. Our agreement with ESPE is a strategic milestone for us as we strengthen our position in the PV power plants market in Europe and continue to build a foundation to capture future opportunities.”
The Founder and President of ESPE Group, Tiziano Meneghetti, shared similar sentiments regarding the partnership: “we believe the PV market in Italy has strong potential and we look forward to working together to capitalize on the growing opportunities.”