Seeking Alpha

QualityStocks'  Instablog

QualityStocks
Send Message
QualityStocks (www.qualitystocks.net) assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
QualityStocks
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • SPI Solar, Inc. (SOPW) and LDK Solar Co., Ltd. (LDK) Team up with KDC Solar to Power NJ, NY Projects 0 comments
    Jun 13, 2011 5:36 PM | about stocks: SOPW
    SPI Solar, Inc. today announced that it, along with its majority shareholder LDK Solar Co., Ltd., has inked a deal with KDC Solar in which SPI and LDK will be KDC Solar’s preferred EPC solar panel provider in New Jersey and New York.

    The 3-year agreement is valued at up to $750 million, and stems from a December 2010 agreement in which SPI was selected to build a project managed by KDC Solar. This project led to discussions between the two companies and ultimately led to the current agreement.

    KDC Solar’s current pipeline in the New Jersey market already exceeds 150 megawatts and has the potential to generate approximately $600 million of new EPC and O&M business for SPI over the duration of the agreement.

    “We are very happy to be working with SPI and LDK,” Hal Kamine, CEO of KDC Solar stated in the press release. “SPI’s reputation for designing and building low-cost, high quality commercial solar energy facilities for businesses across the nation, coupled with LDK’s high quality solar panels, will benefit New Jersey and New York.”

    Kamine emphasized KDC Solar’s focus on “behind the meter” projects call for the supply of long term, inexpensive solar electricity to businesses and institutions. He also noted that KDC Solar’s goal is to fulfill 100% of its customer’s electric needs through its facilities.

    Stephen Kircher, CEO of SPI, called the agreement a “perfect blend of talent, skill sets and opportunity.”

    “It highlights the benefits available to SPI as a result of our recent transaction with LDK. Our alliance with LDK now allows SPI to take on multiple projects of greater scope and scale. The KDC Solar agreement underscores the importance and value the SPI/LDK relationship represents when it comes to leveraging LDK’s vertical integration and the low-cost, high-quality products and financing capabilities LDK adds to our development offerings. Additionally, we are pursuing many other large-scale projects that should continue to accelerate our pipeline and revenue into the next few years,” Kircher concluded.

    For more information visit ldksolar.com

    Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net
    Stocks: SOPW
Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.