Under an agreement with Global Renewable Construction, Solar Power will develop 50MW of solar PV projects in Wales and the Midlands.

These projects are expected to be completed between the third quarter of 2015 and the first quarter of 2016.

Solar Power chairman Xiaofeng Peng said: "Today’s announcement marks another significant step forward in building SPI’s leading presence in the UK, one of the most promising PV markets globally with highly attractive FiT and ROC 1.3 incentives.

"As our second recently announced agreement with a major UK developer, we are confident that our efforts to grow and diverstify SPI’s global PV portfolio in the UK and Europe will continue to gain momentum."

Meanwhile, the company will develop 30MW of solar PV projects in Japan’s Kanagawa, Chiba, Ibaraki, and Fukushima Prefectures, as part of its deal with Re Capital.

Construction on these projects will begin May 2015, with completion and connection to the grid for all of the projects is planned in the first quarter of 2016.

In addition, SPI and Re Capital have agreed to explore co-development opportunities of up to 100MW of additional solar PV projects in Japan, subject to finalization of the agreement.