HONG KONG, Feb. 22, 2017 (GLOBE NEWSWIRE) -- SPI Energy Co., Ltd. (“SPI Energy” or the “Company”) (NASDAQ:SPI), a global clean energy market place for business, residential, government and utility customers and investors, today announced that it has obtained a GBP 5.15 million loan facility with a 10-year term, subject to customary restrictions and covenants, from Santander UK PLC (“Santander UK”) to refinance a portfolio of two solar farms – project Cairnhill and project Thompson, with total capacity of 8.1 megawatts in the United Kingdom.
“We are very pleased to work with Santander UK for this first refinancing transaction, which demonstrates the bankability and quality of our solar farm projects, as well as our project financing capabilities in the UK solar market,” said Xiaofeng Peng, Chairman and Chief Executive Officer of SPI Energy. “We expect to continue working with prestige institutions such as Santander UK to bring a competitive edge to the UK energy market.”
Mark Cumbo, Director of Infrastructure & Renewable Energy at Santander UK said of the deal: “We are delighted to have been given the opportunity to support the SPI management team throughout this process and to deliver a bespoke funding package that ultimately helps support their strategic plan and UK business. We look forward to building on this success and partnering with SPI on future opportunities.”
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors. SPI Energy 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 Hong Kong and maintains global operations in Asia, Europe, North America and Australia.
Safe Harbor Statement
This release contains certain “forward-looking statements.” These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. All forward-looking statements included in this release are based upon information available to the Company as of the date of this release, which may change, and the Company undertakes no obligation to update or revise any forward-looking statements, except as may be required under applicable securities law.
For additional information, please visit: www.spisolar.com, www.solarbao.com or www.solartao.com.