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

Solar Power Inc. (SOPW), 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

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