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SPI Energy Co., Ltd. Completes sales of 2.4MW Solar Plant in Japan and Grid Connection

HONG KONG, Nov. 15, 2017 (GLOBE NEWSWIRE) -- SPI Energy Co., Ltd. (“SPI Energy” or the “Company”) (Nasdaq:SPI), a global clean energy marketplace for business, residential, government and utility customers and investors, today announced its wholly owned subsidiary, SPI Solar Japan GK (“SPI Japan”), has completed a successful grid-connection  and sales of  “Shibayama 1” solar plant in Chiba prefecture, east of Tokyo, with capacity of 2.4 MW and an estimated total capacity of 3,100,000 kWh annually. This project was among a total of 4.8 MW under construction by Kyocera, Japan with 20 years FIT at 36 yen/kWh supply to Tokyo Electric Power Company, one of the major electricity suppliers in Japan.

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.

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SPI Energy Co., Ltd.