LDK afloat despite $2 billion debt

LDK Solar (LDK.NYSE, LD41.FRA) has experienced the same heavy debt, deepening losses and sinking stock as the US and European solar companies that complain of unfair market practices in China. The only difference with LDK is that it has won help from investors, lenders and local government that have looked to aid a major employer – despite the companiy’s US$2 billion in debt and second quarter losses of US$254 million, The Wall Street Journal reported. Industry watchers said that such strong backing could allow the company’s operations stability as the rest of the world may be forced to forfeit its solar panel market to China. The support may even present a new model for such firms in the heated battle for market dominance, analysts said. The support for the company falls directly in the middle of a global fight in which China has been accused of dumping green energy products.