# What You Need to Know About Solar KDC and SPI Solar

- Link: https://greenlivingguy.com/2011/06/what-you-need-to-know-about-solar-kdc-and-spi-solar/
- Published: 2011-06-13T20:57:12-04:00
- Author: greenlivingguy

SPI Solar is a leading vertically integrated photovoltaic (“[PV](https://greenlivingguy.com/2011/10/conergy-manufactured-mounting-systems-are-now-part-of-the-full-offering-of-pv-products-and-services/)”)
solar developer. In addition they are also an engineering, procurement and construction(“
EPC”) services provider. For they and its majority shareholder, LDK Solar  (“LDK”)
are most notably going big. I mean they have entered into an agreement with “[KDC Solar](https://kdcsolar.com/)”.
All to basically manage a significant portion of its portfolio. I mean of [solar energy facility](https://greenlivingguy.com/2011/06/solar-energy-facility-by-conedison-development-explained/)(“
SEF”) projects in New Jersey and New York.

## Funding for 150 MW Solar

![Spi solar](https://i0.wp.com/greenlivingguy.com/wp-content/uploads/2022/08/markus-
spiske-pwFr_1SUXRo-unsplash.jpg?resize=420%2C280&quality=52&ssl=1)

The 3-year agreement establishes a minimum commitment. That’s for offering 150 megawatts
of projects. All for SPI’s consideration. That’s to potentially develop a total 
of 300 megawatts. All in SEF projects. That’s across New Jersey and New York.

**_History of the Deal_**

In December 2010, SPI announced it had been selected to build a 5-megawatt SEF. 
Located at the White Rose Foods facility. For it’s located in Carteret, New Jersey.
As well, [KDC Solar](https://greenlivingguy.com/2018/09/construction-commences-for-23-5-mw-solar-power-project-at-six-flags-great-adventure-in-jackson-new-jersey/)
is the Managing Member of this project. Following the close of this transaction,
SPI and KDC Solar began. I mean vegan discussing a broader preferred provider arrangement.
One which led to this agreement.  According to KDC Solar, its current pipeline in
the New Jersey market. For it already exceeds 150 megawatts.

#### 300 MW potential

So if fully developed, this pipeline alone. For it is expected to generate approximately
$600 million of new EPC and O&M business for SPI. That’s over the 3-year term of
the agreement.

[SPI Solar](https://greenlivingguy.com/2012/02/spi-1-mw-utility-scale-solar-energy-facility/)(
OTCBB: SOPW) has announced the successful closure of a transaction with KDC Solar
Credit LS LLC. It’s an affiliate of KDC Solar LLC. All for the purchase of approximately
$42 million in solar. Specially, I mean high-quality LDK solar modules.

## 3 Year Commitment

This purchase is part of a three-year agreement between LDK and KDC Solar. All in
which LDK will serve as KDC Solar’s preferred provider. That’s of engineering, procurement
and construction (EPC) services. Also for the operations and maintenance (O&M) services.
That’s for a significant portion of KDC Solar’s portfolio. I mean SPI’s solar energy
facility (SEF) projects.

Xiaofeng Peng, LDK’s Chairman and CEO, expressed his excitement with the results
of this agreement. SPI Solar specializes in turnkey world-class photovoltaic solar
energy facilities. That’s for its business, government, and utility customers. Thereby
assisting with project development. Also financing, and post-construction asset 
management.

Finally, the LDK modules purchased in this transaction are also to be used for various
KDC Solar projects. All in New Jersey.

### Northeast Market

As the Northeast market continues to develop, and KDC Solar pursues additional pipeline
opportunities in the region. I mean up to 300 megawatts of projects could come to
fruition. All under the agreement.

KDC Solar has approximately 18 megawatts of SEFs under construction at present and
is supported by an allocation of $225 million in equity from Diamond Castle Holdings,
a New York-based private equity fund with more than $1.8 billion of committed capital
under management.

### Anothet 9.7 MW Project

to serve as the contractor for the design and construction of a 9.7 megawatt fixed-
ground-mount. Talk about a distributed generation solar energy facility (SEF). This
SEF, which will be owned by a KDC Solar subsidiary. For it will supply electricity
to a global pharmaceutical company’s New Jersey corporate headquarters. All for 
their operations. This assignment was a consequence of the three-year agreement 
between SPI, KDC Solar and LDK Solar (LDK). This deal was revealed in June 2011.

In addition, the agreement made SPI the favored EPC services provider to KDC. All
with a minimum commitment from KDC Solar to offer 150 megawatts of SEF projects 
over 36 months for SPI’s consideration. The agreement also aimed for KDC Solar and
SPI to win.

“This agreement is a perfect blend of talent, skill sets and opportunity,” said 
Stephen Kircher, CEO of SPI.

![author avatar](https://secure.gravatar.com/avatar/df91669667126e1290c21ee0342c386e2da19d588d4d9ca6560bd82ed59a9641?
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 greenlivingguy

 The Green Living Guy, Seth Leitman is an independent power producer, a green living
expert, and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author,
Radio Host, Reporter, Writer and an Environmental Consultant on green living. The
Green Living Guy writes about green living, green lighting, the green guru guides
and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant
and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric
Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green
Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For 
Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke #
Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power
System by Brian Clark Howard and Kevin Shea # and more green living books to follow.

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