China’s Solar Power Inc., which counts LDK Solar as one of its investors, will develop a 20-megawatt project Liangcheng County, Ulanqab, Inner Mongolia, that is expected to start operating in June 2015.
SPI has appointed Jingzhaolai PV Power Co. to construct the project starting in April.
“This agreement strengthens SPI’s market position in Inner Mongolia, a fast growing PV market with substantial solar development potential,” said Xiaofeng Peng, Chairman of SPI. “The Chinese government continues to demonstrate its unwavering commitment to solar energy, recently increasing China’s PV installation target for 2015 from 15 gigawatts to 17.8 gigawatts of new capacity.”