Two of SPI Solar’s wholly-owned subsidiaries in China (collectively, “SPI Solar China”), have entered into agreements to develop two rooftop sites; one in Sheyang City, and another in Suzhou Industrial Park, both in Jiangsu Province, China.
The project agreement for the site in Sheyang City calls for SPI Solar China to provide engineering, procurement and development (EPC) services for a 13 MW distributed generation (DG) PV project. Construction of the 13 MW project is expected to begin in December 2014, with grid connection anticipated in early 2015.
In addition, pursuant to a separate agreement, SPI Solar China has secured and will lease from the Suzhou Industrial Park Government Authority a rooftop site of 180,000 square meters in Suzhou Industrial Park, on which SPI Solar China will build and own more than 10 MW of DG projects. SPI currently anticipates development and construction on this site to begin in 2015 with completion and grid connection expected during the year.
“Entry into these agreements is an important phase in SPI’s continued expansion in Jiangsu Province, one of the most important DG markets in China,” said Xiaofeng Peng, Chairman of SPI. “We believe that SPI’s foothold in securing these DG projects will herald further market share gains of SPI’s DG business platform in China.”
