SPI to acquire solar PV Projects totaling 12.3 MW in Italy and California from LDK Solar

The acquisition PV plants in key markets will continue to be an important part of SPI’s strategy to strengthen its global presence. Image: Single-axis tracker PV plant installed by SPI in Sacramento, California.
The acquisition PV plants in key markets will continue to be an important part of SPI’s strategy to strengthen its global presence. Image: Single-axis tracker PV plant installed by SPI in Sacramento, California.

Solar Power, Inc. (SPI, Shanghai, China) on March 30th, 2015 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 photovoltaic (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.

"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,” comments Xiaofeng Peng, Chairman of SPI.

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."

 

2015-03-31 | Courtesy: SPI | solarserver.com © Heindl Server GmbH

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