Business
Companies
LDK Solar buys into US firm
Updated: 2011-04-02 11:15
By Zhao Tingting (chinadaily.com.cn)
Chinese solar energy giant LDK Solar Co announced Friday that the company aquired 70 percent interest in US-based Solar Power Inc (SPI) for approximately $33 million.
New York-listed LDK Solar had paid an initial $10 million in January, and the remaining $23 million was paid yesterday.
LDK is the world's largest manufacturer of solar wafers in terms of capacity. SPI is involved in material sourcing and manufacturing, as well as installing solar panels in the US, including a large rooftop solar business.
E-paper
Green mission
Tony blair believes China will take a leading role to fight climate change and cut emissions.
The spring of new professions
Real modern times
F1 sponsors expect returns from Shanghai stop
Specials
Share your China stories!
Foreign readers are invited to share your China stories.
Have you any wool?
The new stars of Chinese animation are edging out old childhood icons like Mickey Mouse and Hello Kitty.
Fill dad's shoes
Daughter and son are beginning to take over the family business of making shoes.