SPI Solar (SOPW:OTCBB), a vertically-integrated photovoltaic solar developer, today announced that its wholly-owned subsidiary, Xinyu Xinwei New Energy Co., Ltd., has signed an engineering, procurement and construction (“EPC”) agreement for a 20 megawatt PV project in Wulaichabu City, Inner Mongolia. The agreement, with Inner Mongolia Jingzhaolai Energy Co., Ltd., marks SPI Solar’s first agreement for a solar PV project in the Inner Mongolia region. The project is scheduled to begin in October 2014, with completion and grid connection expected during the fourth quarter of 2014.
“This agreement marks a new geographic expansion of SPI Solar’s presence in the rapidly growing market for solar across China,” said Xiaofeng Peng, Chairman of SPI. “To date, we have now initiated projects in various regions of China, underscoring our ability to execute our global strategy while also expanding our market presence within China.”
About Solar Power, Inc. (SOPW:OTCBB):
SPI Solar (“SPI”) is a vertically-integrated photovoltaic solar 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 photovoltaic solar energy facilities and turnkey residential solar solutions to its business, government and utility customers.