LDK Solar (LDK) Working On 5MW Italian Solar Project With ESPE

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06:37:12 pm on May 26, 2009

LDK Solar (LDK) announced after the bell today that it has begun construction on the first of five solar PV plants in the Apulia region of Italy totaling 5MW.  LDK Solar is teaming up with leading Italian systems integrator ESPE and will provide the solar wafers for the projects.

“We are very excited to expand LDK Solar’s presence into Italy,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “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.”

Shares are up just a bit in after hours trading.

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