LDK Solar Co., Ltd. Tuesday said it is in cooperation with China Yancheng in the next five years of building 500 megawatts of photovoltaic solar power projects, sending its shares up 6.2%. The news come out a month ago, China launched a long-awaited plans for large-scale solar power projects to offer subsidies. As the world's largest emitter of greenhouse gases, China is currently looking for alternatives to fossil fuels.
Since China announced the plan has been, China solar energy companies, including Suntech Power Holdings Co., Ltd. and ReneSola Ltd. Announced plans to build large solar power plants in China. "We believe that the growing number of photovoltaic application projects will come from China, we will continue our efforts to smoothly promote the rapid development of LDK PV market," LDK Chief Executive, said Peng Xiaofeng.
LDK shares on the New York Stock Exchange stock market closed 8.85 U.S. dollars, then rose to 9.40 U.S. dollars after. Yancheng City in China Jiangsu Province, is located north of Shanghai city. China 6 month that it will speed up the development of Jiangsu Province, which will include Yancheng.
Aug. 26, 2009
