LDK Solar (LDK) Announces 63MW In Supply Deals With Enel & ABB

LDK Solar (LDK) is announcing some solar supply deals of its own this morning.  The company will supply 50MW of solar modules to Spain’s Enel with 30MW deliverable this quarter and an option for an additional 20MW next quarter. 

“We are very pleased to enter this sales agreement with Enel, a globally recognized power provider and dedicated leader in the production of PV systems,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar.  “As demonstrated by this contract, our module business continues to build momentum.  We hope to continue to expand our relationship with Enel and partner on future projects.”

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LDK Solar is also announcing a 13MW solar module supply agreement with Italy based ABB.  13MW will be delivered this quarter and the two companies are currently negotiating a larger deal to supply modules for next quarter and on into 2011.

Xiaofeng Peng, chairman and CEO of LDK Solar, said: “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.”

Shares of LDK are up about 5% in premarket trading and the $5 level continues to be a strong level of support.

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