LDK pays US$33 million for 70% Solar Power stake

Facebook
Twitter
LinkedIn
Reddit
Email

LDK Solar has paid US$33 million for a 70% stake in PV solutions developer Solar Power. LDK's involvement will help with the development and management of Solar Power’s project pipeline, which primarily consists of utility-scale power plants and commercial and industrial generation systems.

The terms of the investment also stipulate that LDK agree to purchase certain components of Solar Power’s manufacturing equipment and also assume total control of its module manufacturing facility in Shenzhen, China. Solar Power will maintain a separate logistics team in Shenzhen, charged with enhancing project development, design and management.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“We are very pleased with this new strategic relationship. We have known the Solar Power team for several years and have been very impressed with the quality of their work and the calibre of the customers they serve,” said LDK’s chairman and CEO, Xiaofeng Peng. “This transaction also expands our downstream vertical integration opportunities and provides LDK Solar and Solar Power the opportunity to jointly explore opening manufacturing operations in the U.S. to further enhance Solar Power's competitive advantage in North America.”

“This investment in Solar Power clearly places our company among the most elite photovoltaic solar developers today,” said Steve Kircher, chairman and CEO of Solar Power. “We are honored that LDK Solar has placed value in our legacy projects and in our pipeline. Projects such as the Aerojet solar farm and the Staples Center, our first installation of Skymount, Solar Power's proprietary rooftop system, reflect the quality of our team.

Read Next

September 3, 2025
Developers Alight Neoen have commissioned the 100MWp Hultsfred Solar Farm in Småland, southern Sweden.
September 3, 2025
US residential solar prices have remained at historic lows in the first half of the year despite market uncertainty and continued high interest rates.
September 3, 2025
Chinese solar manufacturer Trinasolar has signed a patent licence agreement with French module manufacturing startup Holosolis to use its TOPCon solar cell technology.
September 3, 2025
India has added 2.8GW of rooftop solar in H1 2025, a 158% year-on-year surge from just 1.1GW in the same period last year.
September 3, 2025
Huasun claims it has set new record efficiencies for HJT-perovskite tandem solar cells at both laboratory and commercial scales.
September 3, 2025
Singapore-headquartered independent power producer Peak Energy has broken ground on a 65MWp solar project in Isabela, in the Cagayan Valley region of northeast Luzon, Philippines. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines