Solar Power Inc. and RE Projects to Develop Farms in the U.K.

(Bloomberg) — Solar Power Inc., a renewable-energy
developer backed by China’s LDK Solar Co., has agreed to build
about 25 megawatts of capacity in the U.K. with RE Projects
Development.

The companies plan to build projects of no more than 5
megawatts each in South Wales, South East Midlands and Northern
England, according to a statement Monday from Shanghai-based
SPI. Financial terms of the arrangement weren’t disclosed.

The solar farms are expected to be completed and sold by
the third quarter and be included in SPI’s 2015 revenue. The
projects will qualify for government subsidies.

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., Will Wade

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