SPI Energy Announces Closing of the Manchester and Waterford Solar Projects
August 26 2019 - 8:00AM
SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (NASDAQ: SPI),
a global provider of photovoltaic (“PV”) solutions for business,
residential, government and utility customers and investors, today
announced the closing of two projects from the previously announced
framework agreement to acquire up to eight solar projects in the
state of Oregon (the “Oregon Portfolio”). The acquired Manchester
and Waterford solar projects will produce a total of approximately
5.4MW in the State of Oregon. Both the Manchester and Waterford
solar projects are ground-mounted PV projects and they are located
in Yamhill County and Polk County, Oregon, respectively. Upon
completion of these two PV projects, we will sell their power to
Portland General Electric – generating clean, renewable energy
for the local communities.
Mr. Xiaofeng Peng, Chief Executive Officer of SPI Energy,
commented, “We are pleased with the timely closing of the
acquisition of the Manchester and Waterford projects as we believe
the Oregon Portfolio will be a great addition to our current solar
project pipeline.” Mr. Peng added, “We are taking prudent steps to
expand our solar platform in the United States as we continue to
rebalance our business-mix and refine our strategic investment in
projects or businesses that have high growth potential.”
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. (the “Company”) is a global provider of
photovoltaic (“PV”) solutions for business, residential, government
and utility customers and investors. The Company develops solar PV
projects that are either sold to third party operators or owned and
operated by the Company for selling of electricity to the grid in
multiple countries in Asia, North America and Europe. The Company’s
subsidiary in Australia primarily sells solar PV components to
retail customers and solar project developers. The Company has its
operating headquarter in Santa Clara, California and maintains
global operations in Asia, Europe, North America and Australia.
For inquiries, please contact:SPI Energy Co., Ltd.IR
DepartmentEmail: ir@spigroups.com
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