This new facility will have an annual production capacity of 1gW of solar cells and 500MW of solar modules.
Hefei High-Tech Construction and Investment Group will provide financing of RMB2.5bn to LDK Solar for up to three years to build this facility, which is expected to commence production in the second quarter of 2011.
LDK Solar CFO Jack Lai said, “We are very pleased to receive strong support from Hefei City and look forward to establishing a world class solar cell and module manufacturing facility.
“With this new investment, we will broaden and expand our research and manufacturing capabilities in the complete solar value chain which enables us to strengthen the support to our module customers and improve our profitability further.”
