We are very excited to expand LDK Solar’s presence into Italy, said Xiaofeng Peng, chairman and chief executive officer 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.

We are pleased to work with LDK Solar on the development of these PV plants, stated Tiziano Meneghetti, founder and president of ESPE Group. We believe the PV market in Italy has strong potential and we look forward to working together to capitalize on the growing opportunities.