LDK Solar (LDK) Announces 13 MW Supply Agreement With ABB Group (ABB) Subsidiary

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07:51:23 am on July 8, 2010

LDK Solar just announced that it has signed a supply agreement with ABB SpA, a subsidiary of ABB Group based in Italy.  Per the contract, LDK will supply ABB with 13MW worth of its solar modules, with delivery slated for the 3rd quarter of this year.  An expanded contract for larger volumes of modules to be delivered this year and next year is currently being negotiated.

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In a press release, Xiaofeng Peng, Chairman and CEO of LDK Solar, commented on the news:

“We are very excited to commence a relationship with ABB Group. This relationship will allow LDK Solar to take advantage of the wealth of solar opportunities that ABB has developed in Europe. This sales contract with ABB demonstrates our continued momentum in growing our module business, specifically with European customers.”

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