SHANGHAI, May 24, 2016 /PRNewswire/ -- SPI Energy Co., Ltd.
("SPI Energy" or the "Company") (Nasdaq: SPI), a global provider of
photovoltaic (PV) solutions for business, residential, government
and utility customers and investors, today announced that it has
begun construction of a solar power system covering the roof of
Golden 1 Center, the new home of the Sacramento Kings in downtown
Sacramento, California. The solar
array, consisting of 3,400 of the Company's photovoltaic panels, is
expected to be completed by July 2016
and directly provide 15 percent of the arena's power.
SPI Energy's US team based in Roseville, California will build and operate
the system and was also responsible for its unique design. The
rooftop array is designed to be visually striking in aerial views,
such as promotional shots during sports telecasts, and will add to
the iconic appeal of the building as a whole. SunSystem Technology,
Inc. (SST), headquartered in Sacramento, will join the project to support
the array installation.
In 2008, SPI Energy installed a similarly sized system on the
roof of the Staples Center in Los
Angeles and constructed an eight-megawatt solar field at
Aerojet in Rancho Cordova. All of
these large-scale solar array projects use SPI Energy's top
quality, custom-built photovoltaic panels.
"The growing demand for our solar panels is a testament to the
reliability and high quality of our products," said Xiaofeng Peng, Chairman and CEO of SPI Energy.
"We are delighted to be playing such a crucial role in helping the
Golden 1 Center become as sustainable and energy efficient as
possible. Our dedicated team of designers and experts are fully
committed to this landmark project that will see SPI Energy's
industry leading solar array become a fixture of the Sacramento skyline for years to come."
"Our team has worked hard during the design stage to maximize
both the power production and the aesthetics of this rooftop solar
system and it's great to finally get started on the construction
piece of the project," said Hoong Khoeng Cheong, SPI Energy's Chief
Operating Officer. "It's going to look gorgeous and we are very
excited for the whole world to see the finished product."
"We are committed to being good stewards of the
environment - Golden 1 Center will be the first indoor arena
in the world that is 100 percent solar powered, serving as a model
of how businesses can do their part to curb climate change and
responsibly use resources," said Kings President Chris Granger. "SPI's solar innovations will
allow us to take advantage of over 300 days of sunshine in
Sacramento and meet our ambitious
net-zero energy goal."
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of photovoltaic (PV)
solutions for business, residential, government and utility
customers and investors. SPI Energy focuses on the downstream PV
market including the development, financing, installation,
operation and sale of utility-scale and residential solar power
projects in China, Japan, Europe
and North America. The Company
operates an innovative online energy e-commerce and investment
platform, www.solarbao.com, which enables individual and
institutional investors to purchase innovative PV-based investment
and other products; as well as www.solartao.com, a B2B e-commerce
platform offering a range of PV products for both upstream and
downstream suppliers and customers. The Company has its operating
headquarters in Shanghai and
maintains global operations in Asia, Europe,
North America and Australia.
For additional information visit: www.spisolar.com,
www.solarbao.com or www.solartao.com.
Safe Harbor Statement
This release contains certain "forward-looking statements."
These statements are forward-looking in nature and subject to risks
and uncertainties that may cause actual results to differ
materially. All forward-looking statements included in this release
are based upon information available to the Company as of the date
of this release, which may change, and the Company undertakes no
obligation to update or revise any forward-looking statements,
except as may be required under applicable securities law.
Contact:
Toni Turnbull
916-770-8151
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SOURCE Solar Power, Inc.