SPI gets rights to 30MW of UK PV

SPI Solar has acquired the right to develop and operate 30.5MW of PV projects in the UK.

The California company will finance, construct and own the developments, having entered into an agreement with a London-based global renewables developer that also grants SPI the exclusive right to acquire and develop an additional 50MW of projects in Britain.

"The UK is one of our key geographic focus markets, and we will continue to invest globally where we see potential for attractive returns on invested capital," SPI says.