Market Overview

LDK Solar's SPI Solar to Expand Project Business in China

SPI
Solar (“SPI”) (OTC: SOPW),
a vertically integrated photovoltaic (“PV”) solar developer, today
announced that after a thorough review of business and construction
financing conditions in the solar industry that have impacted SPI, the
management team and board of directors have determined that it is in the
company's best interest to more closely align its business operations
with LDK Solar (NYSE: LDK), its parent company. As part of this
realignment, the company plans to expand its project business in China
while continuing operations in North America and Europe.

“We believe these initiatives will enable improved access to
construction financing, provide continuity for SPI's customers and help
drive enhanced stockholder value

See full press release

Posted-In: News Contracts M&A Global

 

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