SPI Energy Co., Ltd. Announces Agreement with Capital Stage AG to Sell UK Solar Project
01 June 2017 - 9:30PM
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 its wholly-owned subsidiary, SPI China(HK) Limited, has
entered into an agreement to sell the entire issued share capital
of Todderstaffe Solar Limited (“Todderstaffe Farm”), which holds a
solar project in the United Kingdom with the capacity of
approximately 4.5 megawatts (MW), to the SDAX-listed Capital Stage
AG (“Capital Stage”), Germany’s largest independent solar park
operator.
The Todderstaffe Farm solar project is located
in Poulton, Lancashire. The project commenced construction in
January, 2017 and was connected to the grid end of March 2017. The
Todderstaffe Farm solar project is eligible to receive Renewables
Obligation Certificates (ROCs) at 1.2 ROCs/MWh under the UK's
Renewables Obligation (RO) scheme.
"We are delighted to work with valuable partner
Capital Stage, Germany’s largest independent solar park operator
and a leading clean energy investor on the sale of Todderstaffe
Farm solar project," said Xiaofeng Peng, Chairman and Chief
Executive Officer of SPI Energy. "The success of this transaction
is another testament to the quality of our solar farm projects and
the growing track record of delivering bankable solar power
solutions in the UK market.”
Holger Götze, COO at Capital Stage, said, "We
are very pleased to work with SPI Energy on the Todderstaffe Farm
solar power project, which gave us the opportunity to acquire an
attractive and high quality solar park that will add to our already
existing clean energy investments in the UK. With the new
acquisition our generating capacity in the UK will increase to over
90 MW in total."
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 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 Hong Kong and maintains global operations in Asia,
Europe, North America and Australia. For additional information,
please visit: www.spisolar.com.
About Capital Stage AG
Capital Stage AG is listed on the SDAX of the
Deutsche Börse (German stock exchange) and is Germany’s largest
independent solar park operator. The core business is the
acquisition and operation of solar parks and (onshore) wind farms.
Capital Stage also offers professional investors attractive
opportunities to invest in renewable energy plants. Capital Stage
has become one of the leading independent European power producers
(IPP) with a total of 161 solar parks and 47 wind farms summing up
to a generation capacity of almost 1.3 GW in Germany, Denmark,
Austria, Italy, France, Finland, the United Kingdom and Sweden.
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:
SPI Energy Co., Ltd.
Pearl Peng, Investor Relations Director
Email: pearl.peng@spisolar.com
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