LDK Solar (LDK) Continues Push Into Italian Solar Market With Solar Green Technology Acquisition

LKD Solar (LDK) is expanding its presence in the Italian market this morning by acquiring a 70% controlling interest in systems integrator expert Solar Green Technology.  The deal should open up more opportunities in the Italian market.

“We are very excited to acquire a controlling interest of Solar Green Technology,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “SGT’s management and workforce have demonstrated strong competence and boasts solid experience in the PV market. We believe access to SGT’s wealth of resources will be an effective and immediate tool for LDK Solar efforts in managing development activity in the Italian PV market, which is currently one of the most dynamic and profitable European markets.”

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