SPI agrees 1.5GW China development with GD Solar

Facebook
Twitter
LinkedIn
Reddit
Email

Chinese solar developer, SPI Solar has confirmed several agreements with Chinese solar company, GD Solar, including 1.5GW of solar development.

SPI and GD Solar will develop 500MW of solar in China, each year from 2015 to 2017, according to a company statement released today.

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

SPI will gain equity of new projects, while GD will provide engineering, procurement and construction (EPC) services.

Under the agreements, SPI subsidiary, SPI Solar Power Suzhou, is to acquire completed and developing solar projects from GD Solar, in China.

GD Solar, a subsidiary of Guodian Technology & Environment Group Corporation Limited has agreed SPI Suzhou will also acquire 100MW of projects in Jinchang City, Gansu Province for RMB960 million (US$156.9 million), 10MW in Chaoyang City, Liaoning Province, for RMB100 million (US$16.3 million), and 50MW in Xinghe County, Inner Mongolia, for RMB515 million (US$84.1 million).

Payments are to be made in cash and SPI shares, with portions of payments to go towards GD Solar undertaking EPC services.

SPI also gained rights to refuse project purchases from GD.

Xiaofeng Peng, chairman of SPI said: “We plan to leverage our unique strengths to grow our businesses and expand our roles in the development of PV power in China.”

Read Next

October 8, 2025
Officials from Norway and Egypt have agreed provisional terms for the financing of the Dandara solar park in Egypt, which is being built and operated by Norwegian IPP Scatec.
October 8, 2025
University of Sydney scientists have created the largest and most efficient triple-junction perovskite-perovskite-silicon solar cell on record.
Premium
October 8, 2025
The global energy transition will only be 'marginally impacted' by uncertainties in US energy policy, according to Remi Eriksen, CEO of DNV.
October 8, 2025
Saatvik Green Energy has secured new solar PV module orders worth more than INR7 billion (US$84 million), to be delivered in this financial year.
October 8, 2025
Australia's NEM achieved a new minimum operational demand record of 9,666MW, marking a 4% decrease from the previous record.
October 8, 2025
Frontier Energy plans to expand its Waroona Renewable Energy Project into a renewable energy precinct by 2031, targeting up to 1GW solar.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK