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
LDK Solar to acquire SGT 70% stake in Italy
United States Renewable Energy Fund the amount of up to 3 billion U.S. dollars
U.S. Treasury Department and the Department of Energy recently revealed company plans to apply for renewable energy development fund guidelines, the Fund about the amount of three billion U.S. dollars, estimated to provide immediate tax credit for 1000 of about 5 solar energy, wind power production facilities, etc. . Reported that the next three years will help fund renewable energy production to reach the goal of doubling, but also allows non-governmental enterprises in the tight credit market conditions are still better access to capital.
The report also mentioned that each program is expected to receive 600,000 U.S. dollars of assistance. In addition, regardless of the construction start time for that, as long as 1 January, 2009 to 2010 December 31 during the day to begin production of renewable energy equipment can make an application; and only started in the construction of the above-mentioned period, and then in 2010 to production before the closing date for applications are also applicable. To solar energy as an example, the application deadline for January 1, 2017.
Jul. 12, 2009
