SHANGHAI, Oct. 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 the Bank of Jiangsu has
approved an 8-year project finance for a 4.8 MW photovoltaic solar
energy DG plant in Nantong City, Jiangsu
Province (the "Project").
The Project, which is sponsored by the Company, is located in
Nantong City, Jiangsu Province
with a total installed capacity of 4.8 MW and will supply an
average of 4 million kWh of electricity per year to the national
grid and consumers, helping to diversify Nantong's energy matrix
and eliminating approximately 3,633 tons of CO2
emissions per year.
Mr. Xiaofeng Peng, Chairman and
CEO of SPI Energy commented, "We are very pleased to have received
the project finance from the Bank of Jiangsu. Today's announcement speaks volumes
about the strong support of the local banking industry and
government agencies for clean tech companies, especially for
distributed generation (DG) solar projects. As we continue to
expand our operations and build project pipeline in the
Jiangsu region and globally, our
focus remains on projects with attractive ROI as well as strong
support from local banking industry and government agencies."
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.
For investors and media inquiries please contact:
Investor Relations Department
SPI Energy Co., Ltd.
ir@spisolar.com
+86 21 8012 9135
Tony Tian, CFA
Weitian Group LLC
tony.tian@weitian-ir.com
+1 732 910 9692
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visit:http://www.prnewswire.com/news-releases/spi-energy-receives-5-year-project-finance-for-48-mw-dg-pv-projects-in-nantong-city-jiangsu-province-from-the-bank-of-jiangsu-300348393.html
SOURCE Solar Power, Inc.