LDK Solar Announced The Signing of an Agreement with Advanced Solar Products

LDK Solar, a China-based manufacturer of photovoltaic products, announced the signing of an agreement with Advanced Solar Products, of Flemington, New Jersey, to supply 58,803 PV modules for the largest privately-owned, net-metered solar project in the western hemisphere at the East Windsor, New Jersey campus of The McGraw-Hill Companies ("the McGraw-Hill project"). Advanced Solar Products will install a 14.1MW ground-mounted system, using Advanced Solar Products' patented Solstice Mounting System. The Solstice Mounting System and the McGraw-Hill project have been approved by New Jersey's Renewable Energy Manufacturing Incentive (NJREMI) program, which provides rebates to New Jersey residents, businesses, local governments, and non-profit organizations that purchase and install solar panels, inverters, and racking systems manufactured in New Jersey. According to the terms of the project, all panels will be delivered by November 2011. Construction on the project commenced July 22, 2011 and the system is expected to be fully operational by the spring of 2012. "LDK Solar has recently invested in the establishment of a U.S. based sales and marketing operation in Silicon Valley, California. A project of this magnitude represents a tremendous opportunity to further expand our North America presence" stated Xiaofeng Peng, chairman and CEO of LDK Solar. Source: www.digitimes.com