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SHANGHAI, June 8, 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 it has formed a strategic partnership with General Energy Solutions Inc. ("GES"), a global solar energy company headquartered in Taiwan. Under the partnership agreement, SPI Energy's wholly owned Japanese subsidiary, SPI Solar Japan G.K. ("SPI Japan"), will provide local technical support and sales services to GES and deliver more than 15 megawatts ("MW") of project sales in 2016 and 5MW in 2017.
"This agreement marks an exciting milestone for our business in Japan and the beginning of a long-term strategic collaboration with GES," said Xiaofeng Peng, Chairman and CEO of SPI Energy. "SPI Japan has become a market leader in the development, financing, installation, operation and sale of utility-scale and residential solar power projects. As one of SPI Energy's core markets, we are delighted to deepen our presence in Japan and further support the development of the local clean energy industry."
SPI Japan was established in September 2014 to capture the growing demand for solar energy projects in the world's third-largest PV market. In July 2015, the Japanese government confirmed that renewable energy must constitute a significant part of Japan's long-term energy plan, with the goal of 22–24% of Japan's energy sources in 2030 being renewable energy.
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.
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.
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SOURCE SPI Energy