China’s LDK Solar takes $33 million stake in Solar Power

In a move to beef up demand for its product, Chinese solar wafer manufacturer LDK Solar announced today it has acquired a 70 percent stake valued at $33 million in solar project developer Solar Power Inc. (SPI).

As orders rise, First Solar to double capacity with two new plants

Industry heavyweight First Solar announced plans today to build two new manufacturing plants, raising the company’s annual capacity by almost 500 megawatts and nearly doubling the company’s production capacity from 1.4 gigawatts this year to 2.7 gigawatts in 2012.