In addition, LDK Solar, a significant shareholder in SPI, secured financing facilities of $20 million for two projects it is developing through engineering, construction and procurement contracts with SPI in California.
The LDK finance facilities will be used to fund construction costs of the California SEFs.
In June 2011, LDK and SPI Solar announced that they had agreed to provide construction financing and facilitate long-term financing, supported by LDK, of up to $750 million for SEF projects as part of their Preferred Provider Agreement with KDC Solar.
Additionally, as SPI continues to add to its pipeline of large-scale solar projects, the company is queuing up more projects domestically and internationally with CDB for proposed additional financing arrangements.
“Our successful relationship with CDB is a direct result of our close working relationship with LDK,” said Steve Kircher, CEO for SPI Solar. “As we continue to develop our pipeline of projects globally, our partnership with CDB grows stronger.”
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