Solar Power Inc., a renewable-energy project developer backed by China’s LDK Solar Co., has agreed to sell a 6.4-megawatt project in Japan to an unnamed buyer.
SPI is selling development rights and the land used for the solar farm in Susami City, Wakayama Prefecture, the Shanghai-based company said Wednesday in a statement. The sale is expected to close this month. No terms were disclosed.
LDK owns about 24 percent of SPI, according to data compiled by Bloomberg. SPI in January moved its headquarters to Shanghai from California, citing stronger growth in China and outside the U.S.