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

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

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

July 4, 2025
Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.
July 4, 2025
Germany’s latest innovation tender has awarded 488MW of co-located capacity, with all the projects being solar PV tied with energy storage.
July 4, 2025
Risen Energy’s mass-produced heterojunction (HJT) modules have reached a cell conversion efficiency of 26.61%, a record figure for the company.
July 4, 2025
The US House of Representatives has passed the final version of the reconciliation bill that is now going to US President Donald Trump’s desk for his signature before its passing.
July 4, 2025
Australian retailer AGL Energy has confirmed its acquisition of South Australia’s Virtual Power Plant (SAVPP) from Tesla.
July 3, 2025
Renewable energy curtailment in Brazil is set to reach 8% across the country, and be as high as 11% in the north-east, by 2035.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK