Sunday, June 22, 2008

LDK Solar Signs a Five-Year Wafer Supply Agreement With Solar PV Corporation

XINYU CITY, China and SUNNYVALE, Calif., June 13 /PRNewswire-FirstCall/ --LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, today announced that it has signed a five-year contract to supply multicrystalline solar wafers to China-based Jiangxi Solar PV Corporation (JSPV). Under the terms of the agreement, LDK Solar will deliver approximately 70 MW of multicrystalline solar wafers to JSPV, a new venture created by US-based Solar PV Corporation, over a five-year period commencing in 2009 through 2013. JSPV will make an advanced payment representing a portion of the contract value to LDK Solar.

"We are excited to enter this long-term wafer supply agreement with Jiangxi Solar PV as they launch a new venture within the Jiangxi Province," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "We are very pleased to begin this strategic partnership and aid in the development of more solar PV companies in Jiangxi."

"We are very pleased to enter into this agreement with LDK Solar to securequality solar wafers," commented C. Chang, Chief Executive, Solar PVCorporation. "We look forward to a long-term relationship with LDK Solar as wework toward rapidly increasing our scale of operations and capacity to assumea leadership position."

About LDK Solar

LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, the Company provides wafer processing service to monocrystalline and multicrystalline solar cell and module manufacturers. LDK's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi province in the People's Republic of China. The Company's office in the United States is located in Sunnyvale, California.

About Jiangxi Solar PV Corporation

Jiangxi Solar PV Corporation is in the business of development, manufacturing and marketing wafer-based solar cells. Incorporated in Jiangxi, China and a wholly owned subsidiary of US-based Solar PV Corporation, JSPV's business office and manufacturing facility are located in Xingyu, Jiangxi, China. The production in Xingyu is scheduled to begin in the first quarter of 2009.

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