Solar Power Buying Rights to Two U.K. Solar-Farm Projects

Sept. 4 (Bloomberg) — Solar Power Inc., a renewable-energy
developer backed by China’s LDK Solar Co., has agreed to buy the
rights to build and own two solar farms in the U.K.

The projects have a combined capacity of 30.5 megawatts,
Roseville, California-based Solar Power said today in a
statement. The company also is acquiring rights to develop an
additional 50 megawatts of capacity from the undisclosed London-based developer. Financial terms weren’t disclosed.

Roger Yu, a company spokesman, didn’t immediately return a
phone message seeking comment.

LDK owns about 42 percent of Solar Power, according to data
compiled by Bloomberg.

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
Steven Frank, Carlos Caminada

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