Solar Power Inc. to Develop 80 Megawatts of Projects in China

Nov. 10 (Bloomberg) — Solar Power Inc., a renewable-energy
developer backed by China’s LDK Solar Co., agreed to develop two
projects with total capacity of 80 megawatts in the Asian
country.

The company’s SPI Solar Power Engineering Co. unit will
build a ground-mounted 70-megawatt power plant in Inner Mongolia
and a 10-megawatt distributed-generation project in Guangdong
Province, Roseville, California-based Solar Power said in a
statement today. Terms weren’t disclosed.

Construction on the Huade Project in Inner Mongolia is
scheduled to begin next month and be completed by the end of
July. The Shunde Project in Guangdong is expected to be
connected to the grid by the end of next month.

LDK owned 42 percent of Solar Power as of Aug. 19,
according to a company filing.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Robin Saponar, Tina Davis

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us