LDK LDK Solar Co., Ltd. September 27, 2010 with the National Development Bank announced the signing of total degree up to 600 billion yuan (about 89 billion U.S. dollars) a strategic cooperation agreement.
It is the domestic photovoltaic industry, the largest so far to obtain a line of credit agreement,solar water heater LDK, but also private enterprises in China so far the State Development Bank, one of the highest credit limits.
The two sides will further develop in the future financing of the State Development Bank and the professional advantages of operating experience in major projects at home and abroad, solar collector play LDK, professional business advantages, industry competitiveness advantages of overseas resources development, from planning to undertake a comprehensive source of cooperation and seek common development plan .
According to LDK, operation and development needs, the State Development Bank to provide the next five years will LDK, no more than 600 billion yuan credit line to support the requirements of the national industrial policy, LDK, solar photovoltaic projects and overseas photovoltaic power plant engineering, offshore construction, offshore construction projects such as mergers and acquisitions, and promote the field of solar photovoltaic in both long-term comprehensive cooperation.
The second quarter of this year, LDK, the world's largest sales, profitability, the highest amount of solar business, the company is becoming a world-class business leaders in photovoltaic technology. This cooperation reflects the State Development Bank of China PV firm's support leading enterprises. This will not only consolidate the LDK, the global leader in the field of PV, but also will promote the growth of PV industry in China.
LDK, Peng Xiaofeng, chairman and CEO, said: "By working with the State Development Bank to form a strong strategic partnership, will greatly promote the LDK, long-term growth strategy and competitive advantage to achieve the status of the consolidation."