SHANGHAI, Dec. 1, 2016 /PRNewswire/ -- SPI Energy Co., Ltd.
("SPI Energy" or the "Company") (Nasdaq: SPI), a global clean
energy market place for business, residential, government and
utility customers and investors, today announced that the Company's
solar power plant located in Gonghe County, Qinghai Province with annual installed
capacity of 10 Megawatts (the "Gonghe Plant") has received
approximately RMB 20 million subsidy
towards partial payment of the accrued renewable energy tariff
period till April 2015 (the
"Subsidy").
The Gonghe Plant was connected to grid in December 2013 and successfully registered into
the sixth batch of the Renewable Energy Tariff Subsidy Catalogue
(the "Catalogue") which was issued by the Ministry of Finance,
National Development and Reform Commission and National Energy
Administration and released on 23 September
2016.
Xiaofeng Peng, Chairman and Chief
Executive Officer of the SPI Energy, commented, "With continuous efforts from the Chinese
government to optimize energy structure, including policy
initiatives and subsidies to promote the use of renewable energy in
the coming years, owning high quality solar power plant projects in
China eligible for tariff
subsidies remains an attractive value proposition for the Company
as we continue to explore opportunities for the investment,
development and cooperation of high quality solar projects both in
China and globally for the best
interest of our shareholders. We expect the Gonghe Plant to receive
future subsidies payable on a regular basis according to the
Catalogue so long as it continues to meet the Catalogue's
eligibility requirements."
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global clean energy market place 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, residential/commercial solar power and storage
projects, and clean energy solution provider 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, please 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.
For investors and media inquiries please contact:
Investor Relations Department
SPI Energy Co., Ltd.
pearl.peng@spisolar.com
+86 18811197382
Tony Tian, CFA
Weitian Group LLC
tony.tian@weitian-ir.com
+1 732 910 9692
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SOURCE SPI Energy Co., Ltd.