Lightway Trading Panels for Equity in U.S. Solar Projects
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Lightway Green New Energy Co., a Chinese solar manufacturer, agreed to provide 62.8 megawatts of panels for U.S. power projects to ease an oversupply.
Lightway will deliver 11.9 megawatts in exchange for equity stakes in power projects and commitments to purchase another 50.9 megawatts of photovoltaic panels through next year, the company’s Lightway Solar America unit said today in a statement.