Q-Cells and LDK Solar to co-develop PV systems

GERMANY, CHINA & USA: Q-Cells SE and LDK Solar Co. Ltd recently announced the formation of a joint venture that will focus on large PV systems and market development in Europe and China.

Given their complementary core business models and regional market expertise, the two firms intend to take advantage of the value chain optimization and integrated cost reduction.

A joint project pipeline is already in place and the first 40MW project has commenced. The projects of the joint venture will utilize 100 percent solar wafers from LDK Solar and 100 percent solar cells from Q-Cells. The joint venture is already in discussions with potential buyers of the first turnkey project, which will be in Europe, and is in the planning stages for future joint projects in the emerging Chinese market.

The partnership is not intended to be exclusive, but rather, to focus on developing specific projects of mutual benefit, with the shared goal of accelerating the move to grid parity.