The solar power plants are wholly-owned by LDK Solar.
CDB has also approved a fifteen-year buyer’s credit to KDC Solar for its two New Jersey solar power plants, Imclone and White Rose, consisting of 14.7MW of its 300MW portfolio.
Additionally, CDB approved two-year construction financing to EPC contractor, Solar Power, a company majority owned by LDK Solar, for its undertaking of the New Jersey projects.
LDK Solar chairman and CEO Xiaofeng Peng said the credit support from CDB not only satisfies the company’s own photovoltaic project financing demand, but also meets the end customer’s financing needs, which is expected to greatly promote LDK Solar’s module sales and EPC business.
"With the continuous support from CDB, LDK Solar will continue expanding its self-owned project development overseas, establish strategic partnerships and maintain a long-term stable cooperation with project owners to achieve a win-win situation for both parties," Peng said.
LDK Solar is a vertically integrated manufacturer of photovoltaic products.
