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

SPI Solar (“SPI”) OTC, 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 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