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Written by Ucilia Wang
Suntech Power Holdings Co. (STP Quote) said Thursday it is entering the solar-power financing and management business by buying EI Solutions, a solar integrator and installer.
Suntech, which makes solar cells and panels, also said it has formed a joint venture with MMA Renewable Ventures, which finances, owns and operates commercial solar projects.
The new venture, called Gemini Solar Development Co., plans to finance, develop and operate large solar power plants of 10 megawatts or more. Kristina Peterson, Suntech's director of structured finance, will become Gemini's president. ...
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