SHANGHAI, April 19, 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 subsidiary Gonghe Xinte Photovoltaic Power Generation Co.,
Ltd. has entered into a 10-year leasing agreement with China Kangfu
International Leasing Co., Ltd. ("China Kangfu"), pursuant to which
China Kangfu has already provided financing of RMB140 million to support the 20 megawatts Gonghe
Xinte solar power project in Qinghai
Province.
Under the agreement, both parties shall establish a long-term
strategic partnership leveraging their respective strengths and
collaborate to promote clean renewable energy projects.
China is aiming to triple its
solar power capacity by the year 2020 to as much as 143 gigawatts
to help reduce carbon emissions, according to the country's
National Energy Administration.
China Kangfu is one of the pioneers of China's financial leasing industry. Founded in
1988 and headquartered in Beijing,
its major business areas cover energy and electricity, equipment
manufacturers outsourcing, healthcare, and operating and
cross-border leasing. China Kangfu's shareholders include Sany
Group, the largest heavy machinery manufacturing firm in
China, and Morgan Stanley, the
global investment bank.
"We are pleased to build a long-term partnership with China
Kangfu to capitalize on the fast-growing solar market in
China," said Xiaofeng Peng, Chairman and CEO of SPI Energy.
"SPI has an outstanding global portfolio of PV power projects and
we believe that China Kangfu's strong financial resources and
industry experience makes it an ideal local partner to support our
growth strategy and enhance our leading position in the solar
industry."
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.
About China Kangfu International Leasing Co., Ltd.
Founded in 1988 and headquartered in Beijing, China Kangfu International Leasing
Co., Ltd. is an important financial leasing subsidiary under
the State Power Investment Corporation (SPIC). Its major business
areas cover energy and electricity, equipment manufacturers
outsourcing, healthcare, and operating and cross-border leasing.
China Kangfu is the largest financial leasing company listed on
China's New Third Board in terms
of market capitalization (stock code: 833499.NE). Its shareholders
include Sany Group, the largest heavy machinery manufacturing firm
in China, and Morgan Stanley, the
global investment bank.
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
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SOURCE Solar Power, Inc.