SPI, majority owned by LDK Solar, did not release financial terms of the agreement, which established a joint venture holding company, Aqua Clean Energy Fund.

The US states are Arizona, California, New Mexico and Texas.

Under terms of the deal, California-based SPI and ACE will co-develop the projects on an “innovative floating solar platform,” which allows standard PV panels to be installed on large bodies of water such as drinking water reservoirs, quarry lakes, irrigation canals, or remediation and tailing ponds.

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