LDK Solar to acquire SGT 70% stake in Italy

LDK Solar 7 on 14 announced the acquisition of the Italian market specialized solar systems integrator Solar Green Technology SpA ( "SGT") 70% of the shares.

LDK Solar to acquire Solar Green Technology SpA 70% of the shares. This investment will promote the development of more projects LDK Solar's efforts and strengthen its position in the PV field of the Italian territory. SGT will provide project opportunities LDK Solar and technical support, implementation, and control of PV plants can be put into operation.

LDK Solar Chairman and CEO Peng Xiaofeng, said: "We are very pleased to be able to acquire Solar Green Technology of the controlling interest. SGT's management and staff in the PV has proved a powerful ability to market experience and a solid. We belie6e that, SGT's will be the way to the rich resources of LDK Solar in the Italian PV market development efforts and direct an effective tool, the market is currently Europe's most dynamic and profitable markets. "

Jul. 16, 2009