Solar Power Inc. Buying Rights to Two U.K. Photovoltaic Projects

Sep 04, 2014 5:16 pm ET

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.