HONG KONG, March 31, 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 its wholly owned subsidiary, SPI Solar Japan GK ("SPI Japan") has signed a Letter of Intent (“LOI”) with ENTRADE Energiesysteme AG – The Clean Energy Company (“ENTRADE”) (NASDAQ Private Market: ENTR86), based in Düsseldorf, Germany. The LOI signed with ENTRADE allows SPI Japan to expand business opportunities in biomass energy power products and services.
“SPI is constantly looking for innovating business opportunities to expand our market share and profitability. We are very pleased to work with valuable partners like ENTRADE who is focusing on Green Power,” said Xiaofeng Peng, Chairman and Chief Executive Officer of SPI Energy. “We will also consider to extend our cooperation of Green Power in other markets which we are operating such as Hawaii and other emerging markets.”
“Our technology provides clean and cheap power, heating and cooling onsite,” says Julien Uhlig, the CEO of ENTRADE. “As a global leader in small-scale biomass power plants, we look forward to working with SPI, especially in Japan, but also in Puerto Rico and other markets. There is huge market potential in those markets.”
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.
About ENTRADE Energiesysteme AG
The ENTRADE group designs and manufactures innovative biomass energy power plants generating electricity, heating, and cooling. Our products range from small turnkey solutions to complex industrial facilities. ENTRADE manages its own project construction, operation, and maintenance of equipment.
Founded in 2009 in Duesseldorf, Germany, the ENTRADE Energiesysteme AG has been named one of the fastest growing renewable energy companies in Germany. Since 2015 ENTRADE is part of NASDAQ Private Market (ENTR86). The ENTRADE Energy Corp. is portfolio company of the Los Angeles Cleantech Incubator and the connection to the US Market.
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.