KDC Solar Enters 3-Year, 300 Megawatt Agreement with SPI Solar and LDK Solar

KDC Solar has entered into an agreement with SPI Solar (“SPI”) (OTCBB: SOPW), a leading vertically integrated photovoltaic (“PV”) solar energy company and its majority shareholder, LDK Solar (“LDK”) (NYSE: LDK), a world leader in the production of solar wafers and cells, whereby SPI and LDK will serve as KDC Solar’s preferred provider of engineering, procurement and construction (“EPC”) services along with operations and maintenance (“O&M”) services for a significant portion of KDC Solar’s existing portfolio of solar energy facility (“SEF”) projects.

Additionally, SPI and LDK have agreed to provide construction financing and facilitate long term financing, supported by LDK, of up to $750 million for projects covered by this agreement.