SPI Energy Co., Ltd. Enters into Framework Agreement and Pre-Sale Agreements
October 27 2017 - 6:00PM
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 it has entered into framework agreement (the “Agreement”) with
a SOE engaged in the clean energy business (the “Purchaser”) in
China, pursuant to which the Purchaser will acquire all equity
interests in certain solar power projects of the Company with total
capacity of up to 90 MW. In addition to the Agreement, the Company
has entered into pre-sale agreements with the Purchaser and other
related parties that the Purchaser will acquire two solar power
projects covered in the Agreement with total capacity of up to 40
MW, which located in Xunwu, Jiangxi Province with capacity of 10MW
and Wusitai, Inner Mongolia with capacity of 30MW.
There can be no assurance that the definitive
transaction documents will be entered into or that the proposed
transaction will be successfully completed thereafter.
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 EPC/BT, storage
and O2O PV market including the development, financing,
installation, operation and sale of utility-scale and residential
PV projects in China, Japan, Europe and North America. The Company
operates an online energy e-commerce and investment platform in
China, as well as B2B e-commerce platform offering a range of PV
and storage products in Australia. The Company has its operating
headquarters in Hong Kong and maintains global operations in Asia,
Europe, North America and Australia.
For additional information, please visit:
http://investors.spisolar.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:
SPI Energy Co., Ltd.
IR Department
Email: ir@spisolar.com
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