LDK Solar Lands Another Project

XINYU CITY, China (TheStreet) -- Another day, another solar project.

Today, Chinese wafer manufacturer LDK Solar(LDK Quote) said it reached a deal to develop a slew of photovoltaic projects for Suqian City in China.

All told, the power projects will total some 300-megawatts of power by 2015, according to a very sparse press release announcing the deal.

No real terms were provided in the release, though the company said it is awaiting a feasibility study and regulatory approvals required for items like financing, design details and project locations.

On an already overcast day for Chinese stocks and the energy sector in general, LDK Solar shares were trading down 34 cents to $8.90 in the early afternoon.

Elsewhere around the energy sector today, China Sunergy(CSUN Quote) said it would provide 10-megawatts worth of monocrystalline solar modules to Australia-based NU Energy.

The parade of renewable energy-related announcements continued, with Duke Energy(DUK Quote) adding its own plans to the news cycle for a 200-megawatt wind farm project in Wyoming.

China Sunergy's American depositary shares were down 28 cents, or 6.2%, to $4.30. Meanwhile, Duke Energy shares were losing 18 cents at $15.43.

Other solar majors were struggling in the afternoon too. Suntech Power(STP Quote), was slipping 95 cents, or 6.3%, at $14.10.

Yingli Energy(YGE Quote), First Solar(FSLR Quote) and Canadian Solar(CSIQ Quote) were losing ground by 4.4%, 2.7% and 2.8% each.

-- Written by Sung Moss in New York

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