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SPI Energy Co., Ltd. Signs 3.28 Megawatts EPC Agreement with BOE Technology Group Co., Ltd.

HONG KONG, Feb. 15, 2017 (GLOBE NEWSWIRE) -- 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 Xinwei Intelligent Power (Suzhou) Co. Ltd., (“Xinwei Intelligent”), a wholly owned subsidiary of the Company, has entered into a binding agreement with BOE Technology Group Co., Ltd. (“BOE” or “京东方”) to provide engineering, procurement and construction (EPC) services to a 3.28 megawatt distributed generation project (the “Project”) located in Suqian, Jiangsu Province. The Project is expected to complete its grid connection by June 30, 2017.

“We are very pleased to work with BOE, one of the world’s leading players in semiconductor display technologies, products and services, and one of the leading players in smart system for photovoltaic energy solutions, which lists its A-shares and B-shares on China’s Shenzhen Stock Exchange,” said Xiaofeng Peng, Chairman and Chief Executive Officer of SPI Energy. “We see huge potential in China’s distributed generation market and the regions in which we operate. The national distributed power generation is expected to reach 60GW by 2020 according to the central government’s 13th Five-Year Plan. We are optimistic about the Chinese distributed generation market and we look forward to working closely with additional prestige partners such as BOE.”

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.

For additional information, please visit: www.spisolar.com, www.solarbao.com or www.solartao.com

For investors and media inquiries please contact:

Investor Relations Department
SPI Energy Co., Ltd.
pearl.peng@spisolar.com
+86 21 8012 9135

SPI Energy Co., Ltd.