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SPI Energy Begins Construction of Rooftop Solar Array on Golden 1 Center, New Home of the Sacramento Kings


SHANGHAIMay 24, 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 begun construction of a solar power system covering the roof of Golden 1 Center, the new home of the Sacramento Kings in downtown Sacramento, California. The solar array, consisting of 3,400 of the Company's photovoltaic panels, is expected to be completed by July 2016 and directly provide 15 percent of the arena's power.

SPI Energy's US team based in Roseville, California will build and operate the system and was also responsible for its unique design. The rooftop array is designed to be visually striking in aerial views, such as promotional shots during sports telecasts, and will add to the iconic appeal of the building as a whole. SunSystem Technology, Inc. (SST), headquartered in Sacramento, will join the project to support the array installation.

In 2008, SPI Energy installed a similarly sized system on the roof of the Staples Center in Los Angeles and constructed an eight-megawatt solar field at Aerojet in Rancho Cordova. All of these large-scale solar array projects use SPI Energy's top quality, custom-built photovoltaic panels.

"The growing demand for our solar panels is a testament to the reliability and high quality of our products," said Xiaofeng Peng, Chairman and CEO of SPI Energy. "We are delighted to be playing such a crucial role in helping the Golden 1 Center become as sustainable and energy efficient as possible. Our dedicated team of designers and experts are fully committed to this landmark project that will see SPI Energy's industry leading solar array become a fixture of the Sacramento skyline for years to come."

"Our team has worked hard during the design stage to maximize both the power production and the aesthetics of this rooftop solar system and it's great to finally get started on the construction piece of the project," said Hoong Khoeng Cheong, SPI Energy's Chief Operating Officer. "It's going to look gorgeous and we are very excited for the whole world to see the finished product."

"We are committed to being good stewards of the environment - Golden 1 Center will be the first indoor arena in the world that is 100 percent solar powered, serving as a model of how businesses can do their part to curb climate change and responsibly use resources," said Kings President Chris Granger. "SPI's solar innovations will allow us to take advantage of over 300 days of sunshine in Sacramento and meet our ambitious net-zero energy goal."

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 ChinaJapanEurope 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 AsiaEuropeNorth America and Australia.

For additional information visit: www.spisolar.comwww.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.

Contact:

Toni Turnbull
916-770-8151

SOURCE Solar Power, Inc.