- Category: Business
- 26 Aug 2009
- Published on Wednesday, 26 August 2009 07:27
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LDK Solar plans to take advantage of wind and solar energy as complementary power sources in China. STOCKXPERT
China’s LDK Solar Co., Ltd., a leading manufacturer of multicrystalline solar wafers, has partnered with the city of Yancheng in Jiangsu province for the development of up to 500 megawatts (MW) of photovoltaic (PV) solar power projects.
Under the agreement, LDK Solar will develop several PV power projects which will include ground-mounted power stations and roof and building integration systems totalling up to 500 MW over the next five years.
The company will also conduct a feasibility study on the financing, design and specific location of each of the projects and seek final approval from relevant state departments before starting work on them.
Rich in natural resources, Yancheng possesses the largest coastal area in Jiangsu in China’s eastern coast. It is also currently one of the most important wind power bases in China.
With the proposed large ground-power stations, LDK Solar plans to take advantage of wind and solar energy as complementary power sources, which will also increase the development of solar resources in Yancheng.
- Natassia Y. Laforteza