SPI Energy Co., Ltd. Announces Sale of Two Solar Projects in Japan
March 14 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 its wholly owned subsidiary, SPI Solar Japan GK ("SPI Japan"),
has entered into a definitive agreement to sell all of its interest
in the land and project development rights in its two solar PV
projects with total capacity of 4.8 megawatt (MW) in Shibayama
city, Chiba. SPI Japan will also provide engineering, procurement
and construction ("EPC") service to complete the projects.
The solar plants are located approximately 50
kilometres east of Tokyo in Chiba and each with capacity of 2.4 MW
and with an estimated total capacity of 5,200,000 kWh annually.
The sale is subject to closing conditions, and
is expected to close in July 2017.
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
+852 22916057
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