SPI Energy Co., Ltd. Secures GBP 5.15 Million Project Financing from Santander UK to Refinance a Portfolio of Solar Farms in ...
February 22 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 it has obtained a GBP 5.15 million loan facility with a
10-year term, subject to customary restrictions and covenants, from
Santander UK PLC (“Santander UK”) to refinance a portfolio of two
solar farms – project Cairnhill and project Thompson, with total
capacity of 8.1 megawatts in the United Kingdom.
“We are very pleased to work with Santander UK
for this first refinancing transaction, which demonstrates the
bankability and quality of our solar farm projects, as well as our
project financing capabilities in the UK solar market,” said
Xiaofeng Peng, Chairman and Chief Executive Officer of SPI Energy.
“We expect to continue working with prestige institutions such as
Santander UK to bring a competitive edge to the UK energy
market.”
Mark Cumbo, Director of Infrastructure &
Renewable Energy at Santander UK said of the deal: “We are
delighted to have been given the opportunity to support the SPI
management team throughout this process and to deliver a bespoke
funding package that ultimately helps support their strategic plan
and UK business. We look forward to building on this success
and partnering with SPI on future opportunities.”
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 Hong Kong 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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