Company to deploy online platform to support local investment in China PV projects
SHANGHAI, Jan. 15, 2015 -- Solar Power, Inc. ("SPI") (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV") developer, today announced that its operating headquarters has been relocated to Shanghai, China effective from January 14, 2015.
Today's announcement comes as SPI has rapidly grown from a U.S. focused company to a truly international player in the global PV industry, with a significant portfolio of solar projects in the U.S., UK/Europe and Japan markets, as well as the high-growth China market.
"This is an important strategic move for SPI which reflects the outstanding growth potential that we are seeing in China and internationally," said Mr. Xiaofeng Peng, Chairman of SPI. "China has already become the world's largest investor in renewable energy and the Chinese government has demonstrated its long-term commitment to developing clean and sustainable energy with solar power as a core component. We are confident that with SPI's strong portfolio and pipeline of PV projects and highly experienced management team operating globally, we are well positioned to benefit from this exciting growth."
Mr. Peng added that on January 20, SPI will unveil the Company's energy internet strategy with the launch of its first-of-its kind online platform for individual investors, www.solarbao.com.
About Solar Power, Inc. (OTCBB: SOPW)
Solar Power, Inc. ("SPI") is a vertically-integrated PV developer offering its own brand of high-quality, low-cost distributed generation and utility-scale solar energy facility development services. From project development, to project financing and to post-construction asset management, SPI delivers turnkey world-class PV energy facilities and turnkey residential solar solutions to its business, government and utility customers. For additional information visit: www.spisolar.com.