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SPI Announces Relocation of Operating Headquarters to China

Company to deploy online platform to support local investment in China PV projects
Solar Power, Inc.
2015-01-15 20:43 2057

SHANGHAI, January 15, 2015 /PRNewswire/ -- 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.

Safe Harbor Statement:

This release contains certain "forward-looking statements" relating to the business of SPI, its subsidiaries and the solar industry, which can be identified by the use of forward-looking terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates," "expects" or similar expressions. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995.Among other things, the quotations from management in this press release contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including uncertainties regarding whether the transactions contemplated will be successfully completed. All forward-looking statements are expressly qualified in their entirety by this cautionary statement and the risks and other factors detailed in the company's reports filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.

Contact:

Amy Liu, Solar Power, Inc. (800) 548-8767

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/spi-announces-relocation-of-operating-headquarters-to-china-300021145.html

Source: Solar Power, Inc.
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