The company will reportedly complete construction by the end of this year; operation is scheduled to begin next March. In the initial phase, the project, which is designed to have a total annualized capacity of 1.0 GW of crystalline-based solar cells and 500 megawatts of solar modules, will generate an output value of RMB 10 billion, says the news source.
LDK has additionally started operation on its second Xinyu-located polysilicon production line in Jiangxi Province, with an annual output of 5,000 metric tons.
In the second quarter of this year, LDK Solar earned USD$565.3 million in sales revenue, reflecting a year-on-year jump of 147.6 percent or a quarter-on-quarter increase of 62.7 percent, and its net profit reached USD$45 million. The company hopes to become the world's first photovoltaic firm with PV product sales totaling two GW this year, sources reported.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.