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.