SHANGHAI, Nov. 30, 2016 /PRNewswire/ -- 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 signed an agreement with Foshan Kezhou New Energy Development Co., Ltd. ("Foushan Kezhou") to provide engineering, procurement and development (EPC) services to one megawatt distributed generation ("DG") project (the "Project") located in Shunde County, Guangdong Province. This is the second phase of Shunde DG projects after the completion of 10MW project in August, 2015 with grid connection.
Construction of the Project is expected to begin in December, 2016 and is expected to complete with grid connection in April, 2017.
"We see huge potential in China's DG market especially in the Pearl River Delta region," said Xiaofeng Peng, Chairman and Chief Executive Office of SPI Energy. "The recent release of China's 13th Five-Year Plan indicates that by 2020, the national distributed power generation is expected to reach 60GW. As the central government continues to demonstrate its strong commitment to clean energy, we are optimistic about the DG market and confident that we will benefit significantly from those positive macro trends."
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global clean energy market place 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, residential/commercial solar power and storage projects, and clean energy solution provider 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 investors and media inquiries please contact:
Investor Relations Department
SPI Energy Co., Ltd.
Tony Tian, CFA
Weitian Group LLC
+1 732 910 9692
SOURCE SPI Energy Co., Ltd.