Q-Cells and LDK Solar announce formation of Joint Venture for development of PV systems in Europe and China

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Bitterfeld-Wolfen/Xinyu City, China/Sunnyvale, California, 7 April
2009: Q-Cells SE and LDK Solar Co., Ltd., today announced the
formation of a joint venture focusing on large PV systems and market
development in Europe and China. Given their complementary core
business models and regional market expertise, the two companies
intend to take advantage of value chain optimization and integrated
cost reduction.

A joint project pipeline is already in place and the first 40MW
project has commenced. The projects of the joint venture will utilize
100% solar wafers from LDK Solar and 100% solar cells from Q-Cells.
The joint venture is already in discussions with potential buyers of
the first turn-key project, which will be in Europe, and is in the
planning stages for future joint projects in the emerging Chinese
market.

The partnership between the two companies in the area of PV systems
is not intended to be exclusive, but rather to focus on developing
specific projects of mutual benefit, with the shared goal of
accelerating the move to grid parity.

"We are very pleased to announce this joint venture and further
expand our relationship with LDK Solar." commented Anton Milner, CEO
of Q-Cells SE. "This joint venture will strengthen our position in
the crucial business area of large-scale PV power plants."

"We look forward to the many new opportunities that will emerge as a
result of our partnership with Q-Cells," stated Xiaofeng Peng,
Chairman and CEO of LDK Solar. "As leaders of the solar industry, we
are excited to announce this joint venture for exploring and
developing new business."

Contact information:
Q-Cells SE
OT Thalheim
Sonnenallee 17 - 21
06766 Bitterfeld-Wolfen, Germany

Investor Relations:
Stefan Lissner
Phone: +49-(0)3494-6699 10101
investor@q-cells.com

Public Relations:
Stefan Dietrich
Phone: +49-(0)3494-6699 10111
presse@q-cells.com

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Q-Cells SE
OT Thalheim, Guardianstr. 16 Bitterfeld-Wolfen
Germany

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