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Solar Power Agrees to Develop 500 Megawatts of Projects in Japan

Solar Power Inc., a renewable-energy project developer backed by China’s LDK Solar Co., agreed to help develop 500 megawatts of photovoltaic systems in Japan.

SPI will own at least 51 percent of a joint venture formed with Osaka-based K.K. Uniroot to develop the solar farms in Japan, the Shanghai-based developer said in a statement Tuesday. Additional terms weren’t disclosed.