LDK Solar Co. Ltd. located in Xinyu

Xinyu

-History:Xinyu has a history of more than 1,700 years. It became a county in 267 during the Three Kingdoms period.-Geography:Xinyu has an area of 3,178 km². It is located 135 km southwest of the city of Nanchang, the capital of the Jiangxi province - about two and half hours away by car via highway...

 City, Jiangxi

Jiangxi

' is a southern province in the People's Republic of China. Spanning from the banks of the Yangtze River in the north into hillier areas in the south, it shares a border with Anhui to the north, Zhejiang to the northeast, Fujian to the east, Guangdong to the south, Hunan to the west, and Hubei to...

 province in the People's Republic of China

People's Republic of China

China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...

, manufactures multicrystalline solar wafers used in solar cell

Solar cell

A solar cell is a solid state electrical device that converts the energy of light directly into electricity by the photovoltaic effect....

s. Additionally, LDK provides wafering services for both monocrystalline and multicrystalline wafers to companies who provide their own ingot stock. LDK's principal customers have included CSI, Chinalight Solar Co., Ltd., Solarfun Power Holdings Co., Ltd., Solartech Energy Corp., Solland Solar Energy B.V., and Suntech Power

Suntech Power

Suntech Power Holdings Co., Ltd. is the world's largest producer of solar panels, with 1,800MW of annual production capacity by the end of 2010. With offices or production facilities in every major market, Suntech has delivered more than 13,000,000 solar panels to thousands of companies in more...

 Holdings Co., Ltd. The company has sold wafers to Chinalight primarily pursuant to short-term sales contracts, and monthly and quarterly purchase orders.

Founder

Xiaofeng Peng (born c.1975) founded LDK Solar (nicknamed Light) in July 2005 and is its chairman and chief executive officer. Mr. Peng first founded Suzhou Liouxin in March 1997, and was its chief executive officer until February 2006. Suzhou Liouxin manufactured personal protective equipment products like gloves and employed 12,000. He considered adding solar cell wafers to its product line when he realized that no Chinese company was producing them. In 2005, Peng invested $30 million of his own money and $80 million of venture financing into building factories.

Mr. Peng graduated from Jiangxi Foreign Trade School in 1993 with a diploma in international business and from Beijing University Guanghua School of Management with an executive MBA degree in 2002. His net worth was $2.5 billion in 2008.

Wafer Capacity

LDK has stated an annualized capacity of 1.46 GW as of December 31, 2008, with plans to expand to 2.3 GW per year by the end of 2009. And has achieved 3GW at the end of 2010

Wafer Contracts

Release Date	Customer	Nation	Size (Various Units)	Contract Duration
16-Aug-07	Chuan-Yihttp://cleantech.com/news/1620/ldk-solar-to-supply-chuan-yi	China	$516M	2007-2010
29-Aug-07	Neo Solarhttp://cleantech.com/news/1672/chinas-ldk-solar-to-supply-neo-solar-p	Taiwan	$495M	2007-2009
Sep-24-07	Sunwayshttp://www.reuters.com/article/companyNewsAndPR/idUSL2448721320070924	Germany	1GW	2008-2018
Sep-27-07	Mosel Vitelichttp://www.ldksolar.com/9-27-07.html	Taiwan	$190M	2008-2013
Oct-03-07	SolarTechhttp://www.ldksolar.com/10-3-07.html	Taiwan	$224M	2008-2013
Oct-10-07	Chinalighthttp://www.ldksolar.com/10-10-07.html	China	RMB 1B	2008-2011
Oct-16-07	Solarfunhttp://www.ldksolar.com/10-16-07.html	China	RMB 2B	2008-2010
Oct-22-07	CSIQhttp://www.ldksolar.com/10-22-07.html	China	RMB 4B	2008-2011
Dec-10-07	Q.Cellshttp://www.ldksolar.com/10-22-07.html	Germany	6GW	2009-2018
Jan-17-08	Neo Solarhttp://www.ldksolar.com/1-17-08.html	Taiwan	500MW	2009-2019
Feb-22-08	Hyundaihttp://www.ldksolar.com/2-22-08.html	S. Korea	450MW	2008-2015
Apr-02-08	Moser Baerhttp://www.ldksolar.com/4-2-08.html	India	640MW	2008-2017
Apr-04-08	Silcio S.Ahttp://www.ldksolar.com/4-4-08.html	Greece	50MW	2008-2013
Apr-04-08	Arisehttp://www.ldksolar.com/4-4-08.html	Canada	33MW	2008-2011
May-05-08	Qimondahttp://www.ldksolar.com/5-05-08.html	Germany	540MW	2009-2013
Jun-13-08	Jiangxi Solar PVhttp://www.ldksolar.com/6-13-08.html	China	70MW	2009-2013
Jun-30-08	CSIQhttp://www.ldksolar.com/6-30-08.html	China	800MW	2009-2018
Jul-16-08	Photovoltechhttp://www.ldksolar.com/7-16-08.html	Belgium	400MW	2009-2018
Aug-13-08	XL Telecomhttp://www.reuters.com/article/pressRelease/idUS76531+13-Aug-2008+PRN20080813	India	300MW	2009-2014
Aug-29-08	Hyundaihttp://www.ldksolar.com/8-29-08.html	S. Korea	440MW	2009-2015
Sep-03-08	SolarTechhttp://www.ldksolar.com/9-03-08.html	Taiwan	550MW	2009-2013
Sep-04-08	Sumitomohttp://www.ldksolar.com/9-05-08.html	Japan	750MW	2009-2016
Oct-17-08	GEhttp://www.ldksolar.com/10-17-08.html	US	90MW	2009-2011
Oct-20-08	Helioshttp://www.ldksolar.com/10-20-08.html	Italy	70MW	2009-2015
Nov-14-08	BP Solarhttp://www.ldksolar.com/11-14-08.html	Italy	435MW	2009-2011
Jun-13-09	Jiangxi Solar PV Corphttp://www.energycurrent.com/index.php?id=3&storyid=11215	China	70MW	2009-2014

Polysilicon Production

LDK has contracted with Fluor Corp., an American engineering firm, for construction of a 15,000 Ton per Year polysilicon plant. The first 5000 ton train went into production in July 2009, with the second 5000 train scheduled for Q3 and third and final train by the end of 2010.

A Second, 1000 Ton per Year Polysilicon Plant was Bought by LDK from Sunways AG, and entered Production Phase at the end of 2008. On January 16, 2009 LDK announced the completion of their first polysilicon production run from their Sunways Plant http://www.pv-tech.org/news/_a/ldk_solar_starts_polysilicon_production/?utm_source=Feeds&utm_campaign=News+Feed&utm_medium=rss.

• Grid parity
  Grid parity
  Grid parity is the point at which alternative means of generating electricity is at least as cheap as grid power.For solar energy, it is achieved first in areas with abundant sun and high costs for electricity such as in California, Hawaii, Spain and Japan. Many solar power advocates predict that...
  
  

Grid Parity Presentation

• Solar Cell
  Solar cell
  A solar cell is a solid state electrical device that converts the energy of light directly into electricity by the photovoltaic effect....
  
  

http://en.wikipedia.org/wiki/Solar_cell

External links

• LDK Solar Co., Ltd. - Official Website
• LDK Solar Co., Ltd. - Investor Relations
• LDK Solar Co., Ltd. - Polysilicon Plant Progress
• Yahoo Finance - Summary of LDK
• LDK Solar at Wikinvest