Solar Power Inc. Agrees to Buy 9.9-Megawatt New Jersey Project

Dec. 5 (Bloomberg) — Solar Power Inc., a renewable-energy
developer backed by China’s LDK Solar Co., agreed to buy a 9.9-megawatt project in New Jersey for an undisclosed sum.

The company is buying Beaver Run Solar Farm in Lafayette
from Shotmeyer Solar LLC, which also agreed to lease land for
the power plant, Roseville, California-based Solar Power said in
a statement today. The deal is expected to close before year-end.

Construction on Beaver Run is scheduled to begin next
quarter, and the solar farm is expected to be connected to the
grid by the fourth quarter.

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
Robin Saponar, Will Wade

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