LDK Solar (LDK) Continues Push Into Italian Solar Market With Solar Green Technology Acquisition

Green Stocks Central

LDK Solar (LDK) is expanding its presence in the Italian market this morning by acquiring a 70% controlling interest in systems integrator expert Solar Green Technology. The deal should open up more opportunities in the Italian market.

“We are very excited to acquire a controlling interest of SolarGreen Technology,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar.“SGT’s management and workforce have demonstrated strong competence andboasts solid experience in the PV market. We believe access to SGT’swealth of resources will be an effective and immediate tool for LDKSolar efforts in managing development activity in the Italian PVmarket, which is currently one of the most dynamic and profitableEuropean markets.”