Sunday, October 12, 2014

Solar Power Inc. to Develop 20-Megawatt Inner Mongolia Project

Solar Power Inc. (SOPW), a renewable-energy developer backed by China’s LDK Solar Co., has agreed to build a solar farm with 20 megawatts of capacity in Inner Mongolia.

The company expects to complete the project and connect it to the grid in the fourth quarter, Roseville, California-based Solar Power said today in a statement. Financial terms weren’t disclosed.

The project in Wulaichabu City is Solar Power’s first in China’s Inner Mongolia region.

LDK owned 42 percent of Solar Power as of Aug. 19, according to a company filing.

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., Dylan Griffiths

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