Solar Power Inc Buy Assets from LDK Solar

LDK solar assets going to SPI
Solar company sells solar assets to SPI

Solar Power Inctoday announced that its wholly owned subsidiary, SPI China (HK) Limited, has entered into a share purchase agreement with LDK Solar Europe Holding S.A. and LDK Solar USA, Inc. to acquire certain assets including 4.5 megawatts (MW) of solar PV projects in Italy and 7.8 MW of solar PV projects in California, respectively.

Under the terms of the share purchase agreement, SPI will acquire all of the outstanding capital stock of the holding companies of these solar PV projects owned by LDK Solar Europe Holding S.A. and LDK Solar USA, Inc.

This transaction is subject to several closing conditions including completion of satisfactory due diligence.

SPI solar power inc buys solar assets from LDK solar

SPI Solar Power Inc solar pv projects

 

 

Xiaofeng Peng, Chairman of SPI, stated,

We are pleased to announce this agreement which, upon closing, will add significant in-operation assets in Europe and the US to SPI’s globally diversified PV portfolio. The acquisition of high-quality assets in key markets will continue to be an important part of our strategy to strengthen SPI’s global presence.

 

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About Gordon Smith
Gordon's expertise in the area of industrial energy efficiency and alternative energy. He is an experienced electrical engineer with a Masters degree in Alternative Energy technology. He is the co-founder of several renewable energy media sites including Solar Thermal Magazine.