SHANGHAI, July 20, 2016 /PRNewswire/ -- 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
that its wholly owned Japanese subsidiary, SPI Solar Japan G.K.
("SPI Japan") has completed the 2.4MW Nishiura power plant in
Japan's Ibaraki Prefecture and connected it to the
grid. The distributed generation project was the first local PV
project undertaken by SPI Japan in September
2014 and covered all aspects of the plant's development,
construction and operation.
Located 50km north of Tokyo,
the utility-scale Nishiura power plant
covers a total land area of 26,562 square meters and will produce
around 3 million kWh of solar electricity per year. The
power generated by the 2.4 MW solar park will be sold to a Japanese
company under a 20-year power purchase agreement for 831.6 million yen, under which the project will
receive 32 yen/kWh of electricity
produced under Japan's feed-in
tariff (FIT). SPI Japan owns 100% of the project and will oversee
all operations and maintenance requirements of the plant over the
course of its lifetime.
"The Nishiura power plant was successfully completed on schedule
and on budget thanks to the hard work and commitment of our
talented local team," said Xiaofeng
Peng, Chairman and CEO of SPI Energy. "The project will
bring long-lasting economic and environmental benefits to the area
and solidifies SPI Japan's position as a market leader for
commercial and residential solar power projects in Japan."
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.
For additional information 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.
Contact:
Tairan Guo
ir@spisolar.com
+86 21 8012 9135
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SOURCE SPI Energy