SPI Energy Co., Ltd. Signs 3.28 Megawatts EPC Agreement with BOE Technology Group Co., Ltd.
February 15 2017 - 8:30AM
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 Xinwei Intelligent Power (Suzhou) Co. Ltd., (“Xinwei
Intelligent”), a wholly owned subsidiary of the Company, has
entered into a binding agreement with BOE Technology Group Co.,
Ltd. (“BOE” or “京东方”) to provide engineering, procurement and
construction (EPC) services to a 3.28 megawatt distributed
generation project (the “Project”) located in Suqian, Jiangsu
Province. The Project is expected to complete its grid connection
by June 30, 2017.
“We are very pleased to work with BOE, one of
the world’s leading players in semiconductor display technologies,
products and services, and one of the leading players in smart
system for photovoltaic energy solutions, which lists its A-shares
and B-shares on China’s Shenzhen Stock Exchange,” said Xiaofeng
Peng, Chairman and Chief Executive Officer of SPI Energy. “We see
huge potential in China’s distributed generation market and the
regions in which we operate. The national distributed power
generation is expected to reach 60GW by 2020 according to the
central government’s 13th Five-Year Plan. We are optimistic
about the Chinese distributed generation market and we look forward
to working closely with additional prestige partners such as
BOE.”
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.
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 additional information, please visit: www.spisolar.com,
www.solarbao.com or www.solartao.com.
For investors and media inquiries please contact:
Investor Relations Department
SPI Energy Co., Ltd.
pearl.peng@spisolar.com
+86 21 8012 9135
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