06 Jan '12, 2pm

China Development Bank Finances LDK-SPI Solar International Expansion Plans

China Development Bank Finances LDK-SPI Solar International Expansion Plans

CDB has supported LDK’s growth into one of China’s largest integrated solar PV companies since the solar power company’s founding in 2005, and continues to do so now, when LDK is struggling to stay solvent amid the collapse in solar PV cell and panel prices and growing uncertainty regarding government support for solar power in key markets worldwide. Without that support, it’s likely that both companies would be scaling back, rather than expanding, amidst an industry shakeout and a possible drop in demand that’s put LDK on the verge of insolvency.

Full article: http://cleantechnica.com/2012/01/06/china-development-ban...

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