Solar Power Agrees to Buy Energiebau Assets to Expand in Europe

(Bloomberg) — Solar Power Inc., a renewable-energy project
developer backed by China’s LDK Solar Co., agreed to buy part of
a German panel wholesaler to expand in Europe.

SPI is buying certain assets of Energiebau Solar Power
GmbH, the Shanghai-based developer said in a statement Monday.
Terms weren’t provided.

Energiebau has offices in Europe and Africa. It sells
photovoltaic panels and other components, and also develops
power plants.

LDK owns about 23 percent of SPI, according to data
compiled by Bloomberg. SPI moved its headquarters to Shanghai
from California in January.

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
Will Wade, Robin Saponar

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