Reuters: Mergers News: UPDATE 1-LDK Solar wins contracts to build 600 MW plants in China

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UPDATE 1-LDK Solar wins contracts to build 600 MW plants in China Jun 4th 2012, 11:06 June 4 | Mon Jun 4, 2012 7:06am EDT June 4 (Reuters) - Solar products maker LDK Solar Co Ltd said it signed three multi-year contracts to develop solar projects, totaling 600 megawatts (MW), in Gansu province, China. The projects will be in the cities of Jiuquan, Jayuguan and Zhangye, where the company will build plants of 200 MW each. "These contracts demonstrate continued demand for photovoltaic project development services within China," LDK Solar Chief Executive Xiaofeng Peng said in a statement. LDK solar has said that it expects China's solar power demand to increase to 3-4 gigawatts (GW) this year from about 1 GW in 2011. Solar companies are looking to grow sales in emerging markets such as India and China to offset shrinking demand in top markets such as Italy and Germany.

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