LDK Solar to co-fund new 1GW cell, 500MW module facility in Anhui province

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LDK Solar has received a welcome ‘invitation’ from the Anhui Provincial Government to invest in the construction of a state-of-the-art solar cell and module facility in Hefei High-Tech Industrial Development Zone. The planned facility will have a capacity of 1GW of crystalline solar cells and 500MW of solar modules. The Hefei High-Tech Construction and Investment Group has committed to bankroll LDK to the tune of RMB2.5 billion for a maximum of three years for the facility’s construction.

With production scheduled to start in the second quarter of 2011, the intention is to class the zone as a renewable energy manufacturing hub.

“We are very pleased to receive strong support from Hefei City and look forward to establishing a world class solar cell and module manufacturing facility. With this new investment, we will broaden and expand our research and manufacturing capabilities in the complete solar value chain which enables us to strengthen the support to our module customers and improve our profitability further,” said Jack Lai, CFO of LDK Solar.

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