Solar Power Agrees to Sell 6.4-Megawatt Project in Susami, Japan

(Bloomberg) — Solar Power Inc., a renewable-energy project
developer backed by China’s LDK Solar Co., has agreed to sell a
6.4-megawatt project in Japan to an unnamed buyer.

SPI is selling development rights and the land used for the
solar farm in Susami City, Wakayama Prefecture, the Shanghai-based company said Wednesday in a statement. The sale is
expected to close this month. No terms were disclosed.

LDK owns about 24 percent of SPI, according to data
compiled by Bloomberg. SPI in January moved its headquarters to
Shanghai from California, citing stronger growth in China and
outside the U.S.

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
Jim Efstathiou Jr., Steven Frank

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