SHANGHAI, Nov. 30, 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 Xinwei
Intelligent Power (Suzhou) Co. Ltd., ("Xinwei Intelligent"), a
wholly owned subsidiary of the Company has signed an agreement with
Foshan Kezhou New Energy Development Co., Ltd. ("Foushan Kezhou")
to provide engineering, procurement and development (EPC) services
to one megawatt distributed generation ("DG") project (the
"Project") located in Shunde County, Guangdong Province. This is the second phase
of Shunde DG projects after the completion of 10MW project in
August, 2015 with grid connection.
Construction of the Project is expected to begin in December,
2016 and is expected to complete with grid connection in April,
2017.
"We see huge potential in China's DG market especially in the Pearl
River Delta region," said Xiaofeng
Peng, Chairman and Chief Executive Office of SPI Energy.
"The recent release of China's
13th Five-Year Plan indicates that by 2020, the national
distributed power generation is expected to reach 60GW. As the
central government continues to demonstrate its strong commitment
to clean energy, we are optimistic about the DG market and
confident that we will benefit significantly from those positive
macro trends."
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.