UPDATE 1-LDK Solar inks 50 MW supply deal with Enel unit

* Says to deliver 30 MW in current quarter

* Says option to deliver 20 MW in Q4

July 13 (BestGrowthStock) – Chinese solar wafer maker LDK Solar Co
Ltd (LDK.N: ) said it signed a deal to supply 50 megawatt of
solar modules to a unit of Italy’s biggest utility, Enel SpA
(ENEI.MI: ).

LDK said it will deliver 30 MW of modules to Enel.Si S.r.l.
in the current quarter, and that it had an option to deliver an
additional 20 MW in the fourth quarter.

Investors ranging from banks and funds to families and
sports car maker Ferrari have piled into Italy’s solar market,
Europe’s third largest, lured by a generous incentive scheme
launched in 2007 and due to expire this year. [ID:nLDE6681KJ]

The deal comes less than a week after LDK said it won a
contract from Swiss engineer ABB’s (ABBN.VX: ) Italian unit to
supply 13 MW of modules in the third quarter. [ID:nSGE6670A3]

LDK shares closed at $5.92 Monday on the New York Stock
Exchange.
(Reporting by Adveith Nair in Bangalore; Editing by Anne
Pallivathuckal)

UPDATE 1-LDK Solar inks 50 MW supply deal with Enel unit