Online marketplace matches buyers and sellers across wide range of solar PV products
SHANGHAI, April 28, 2015 -- Solar Power, Inc. ("SPI") (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV") developer, today unveiled SolarTao.com, its innovative business-to-business ("B2B") e-commerce platform offering a wide range of PV products for both upstream and downstream suppliers and customers.
The new online marketplace enables PV solution sellers and buyers to connect and transact on an innovative, transparent, and secure online platform designed to provide a cost-effective way for upstream and downstream PV players to match supply and demand.
According to a February 2015 report by iResearch Consulting Group, a leading market research firm focusing on China internet industry, B2B accounted for 73% of China's total e-commerce sales in 2014, based on gross merchandise value. China's online B2B market is expected to grow from RMB 9.0 trillion in 2014 to RMB 15.9 trillion by 2018, representing a CAGR of 15%.
"We are delighted to announce the launch of SolarTao.com, SPI's new B2B solar e-commerce platform which we believe will be a driving force in creating an efficient PV supply chain in China," said Xiaofeng Peng, Chairman of SPI. "SolarTao.com leverages SPI's rich industry resources and experience to enable upstream and downstream players to match supply and demand in a cost-effective manner, thus adding value along the entire PV supply chain and also helping to create a solar industry ecosystem."
Today's announcement represents SPI's most recent online initiative following the launch of Solarbao.com.hk, the international version of its ground-breaking online investment platform, Solarbao.com, on April 20, 2015.
About Solar Power, Inc. (OTCBB: SOPW)
Solar Power, Inc. ("SPI" or the "Company") is a global leader in enabling photovoltaic (PV) solutions for business, residential, government and utility customers and investors. SPI focuses on the downstream PV market including the development, financing, installation, operation and sale of utility-scale and residential solar power 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 Shanghai and maintains global operations in Asia, Europe and North America.
For additional information visit: www.spisolar.com, www.solarbao.com, www.solarbao.com.hk or www.solartao.com.