LDK Solar to Cooperate with Best Solar on Downstream PV Projects

* Reuters is not responsible for the content in this press release.

Tue Sep 8, 2009 3:15am EDT

XINYU CITY, China and SUNNYVALE, Calif., Sept. 8 /PRNewswire-FirstCall/ -- LDK
Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar
wafers, today announced it has entered into a framework agreement with Best
Solar Co., Ltd. (Best Solar) to cooperate on downstream photovoltaic (PV)
projects.  Under terms of the agreement, LDK Solar will supply the solar
wafers and Best Solar will manufacture the solar modules.  

"Although we have established a PV engineering company to construct solar
power stations in and outside China, we have not yet engaged in any
substantial downstream PV businesses, such as solar cell or module
manufacturing, solar panel assembly or provision of certain solar utility
services," stated Xiaofeng Peng, Chairman and CEO.  "Best Solar, on the other
hand, is a large manufacturer of solar modules and a significant provider of
solar panel solutions.  Additionally, Best Solar is in possession of the
relevant product certifications in several jurisdictions. In order to take
advantage of the opportunities created by the latest PRC government policies
to financially support the construction and operation of PV power stations in
China, LDK Solar and Best Solar have agreed to cooperate with each other, by
taking advantage of our respective complementary strengths in the different
sectors of the PV industry, in order to achieve mutually beneficial results
under the current market conditions." 

Best Solar is wholly owned by LDK New Energy Holding Limited, which is LDK
Solar's controlling shareholder, and wholly owned by Mr. Xiaofeng Peng,
chairman and chief executive officer of LDK Solar.  Best Solar has agreed to
provide the solar manufacturing services to LDK Solar at comparable pricing to
independent third parties for similar quantity and quality. 

About LDK Solar (NYSE: LDK)
LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar
wafers, which are the principal raw material used to produce solar cells. LDK
Solar sells multicrystalline wafers globally to manufacturers of photovoltaic
products, including solar cells and solar modules. In addition, LDK Solar
provides wafer processing services to monocrystalline and multicrystalline
solar cell and module manufacturers. LDK Solar's headquarters and
manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City,
Jiangxi Province in the People's Republic of China. LDK Solar's office in the
United States is located in Sunnyvale, California.

About Best Solar
Best Solar Co., Ltd. is one of the world's largest solar panel solution
providers for both thin film and crystal solar modules. The company has two
sites, Best Solar SuZhou and Best Solar NanChang, which are designed to
produce thin film solar panels as well as crystalline solar panels in phases.
The Company's partnership with the leading solar equipment provider Applied
Materials and other major equipment suppliers allows Best Solar to use the
most advanced technology in the thin film as well as the crystal solar market.
 In additional to the thin film product, the Company provides a whole spectrum
of products that cover all of the most popular multicrystalline and
monocrystalline modules in market place. By providing both thin film and
crystal solar panel solutions in large volume, Best Solar is uniquely
positioned to ensure its customers success in their competitive market places.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact in this press
release are forward-looking statements, including but not limited to, LDK
Solar's ability to raise additional capital to finance its operating
activities, the effectiveness, profitability and marketability of its
products, the future trading of its securities, the ability of LDK Solar to
operate as a public company, the period of time during which its current
liquidity will enable LDK Solar to fund its operations, its ability to protect
its proprietary information, the general economic and business environment and
conditions, the volatility of LDK Solar's operating results and financial
condition, its ability to attract and retain qualified senior management
personnel and research and development staff, its ability to timely and
efficiently complete its ongoing construction projects, including its
polysilicon plants, and other risks and uncertainties disclosed in LDK Solar's
filings with the Securities and Exchange Commission. These forward-looking
statements involve known and unknown risks and uncertainties and are based on
information available to LDK Solar's management as of the date hereof and on
its current expectations, assumptions, estimates and projections about LDK
Solar and the solar industry. Actual results may differ materially from the
anticipated results because of such and other risks and uncertainties. LDK
Solar undertakes no obligation to update forward-looking statements to reflect
subsequent events or circumstances, or changes in its expectations,
assumptions, estimates and projections except as may be required by law.



SOURCE  LDK Solar Co., Ltd.

Lisa Laukkanen, The Blueshirt Group for LDK Solar, +1-415-217-4967,
lisa@blueshirtgroup.com; or Jack Lai, Executive VP and CFO, LDK Solar Co.,
Ltd., +1-408-245-8801, IR@ldksolar.com
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