SPI Completes Acquisition of 4.3 Megawatts of Solar PV Projects in Italy

Solar PV projects in Italy change hands

 Solar Power, Inc. , a vertically-integrated photovoltaic  developer, announced that SPI, together with its wholly owned subsidiary, SPI China  Limited, has completed its previously announced acquisition of 4.3 megawatts  of solar PV projects in Italy from CECEP Solar Energy Hong Kong Co., Limited , a wholly owned subsidiary of China Energy Conservation and Environmental Protection Group,  a top state-owned energy conglomerate in China.

Xiaofeng Peng, Chairman of SPI, stated, “This acquisition expands SPI’s global PV operating asset portfolio, and marks the beginning of a close working alliance with CECEP, one of China’s top state-owned energy conglomerates.  Alongside our recently announced agreement with RE Projects Development to co-develop PV projects in the UK, this deal demonstrates SPI’s growing presence in key European markets.”

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This post was prepared by Solar Thermal Magazine staff.