SHANGHAI, May 31, 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
successfully completed and connected four distributed generation
(DG) projects totaling 12.8 megawatts (MW) to the grid in
China. The Company was responsible
for the engineering, procurement and construction (EPC) of all the
DG solar energy projects, while Solarbao.com, SPI Energy's
e-commerce and investment platform, provided financial leasing
services.
The DG projects included two rooftop solar power plants in
Jiangsu province, a rooftop solar
power plant in Jiangxi province
and a solar farm in Shandong
province: (i) the 5MW Hai'an project in Jiangsu province involved the installation of
19,000 SPI Energy PV modules across a total surface area of 49,000
square meters, (ii) the 2MW Suzhou Industrial Park project in
Jiangsu province used 8,000 PV
modules across a total surface area of 41,000 square meters, (iii)
the 1.8MW Fuzhou high-tech
industrial development zone project in Jiangxi province involved the installation of
7,000 PV modules covering a total surface area of 30,000 square
meters, and (iv) the 4MW Shouguang city solar farm project in
Shandong province combined solar
production with agriculture, and integrated 16,000 PV modules into
a farming area covering 157 acres of crops and greenhouses to
improve land usage and reduce environmental impact.
Through Solarbao.com, individual and institutional investors can
purchase innovative capital leasing investment products designed to
generate stable long-term returns. For the four projects, investors
were able to purchase the PV modules and kits used in the
construction phase and lease them back for a fixed fee. In
addition, Solarbao.com investors can earn an annual return for the
grid-connected DG projects by investing in their ongoing solar
energy generation.
"By leveraging SPI Energy's EPC capabilities and Solarbao.com's
innovative business model, these DG solar energy projects will
generate clean, reliable electricity for the local power grid for
decades to come," said Xiaofeng
Peng, Chairman and CEO of SPI Energy. "Solarbao.com is
helping to solve the financial bottleneck in China's solar industry and allowing individual
and business investors to access a stable and reliable income
stream. We look forward to completing more successful
Solarbao.com-funded projects in the coming years."
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:
Tairan Guo
ir@spisolar.com
+86 21 8012 9135
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SOURCE SPI Energy