PV Solutions provider SPI Energy has successfully connected four distributed generation PV systems, totaling 12.8MW, to the grid in China. All the four projects are financed by SPI Energy’s e-commerce platform Solarbao.com.
Solarbao.com was launched in 2015 for individual and institutional investors to purchase capital leasing investment products designed to generate stable, long-term returns. For example, investors who have invested in the four projects will earn annual returns after commercial operation commenced and grid connected.
"By leveraging SPI Energy's EPC capabilities and Solarbao.com's innovative business model, these solar energy projects will generate clean, reliable electricity for the local power grid for decades to come," said Xiaofeng Peng, Chairman and CEO of SPI Energy. "Solarbao.com is helping to solve the financial bottleneck in China's solar industry and allowing individual and business investors to access a stable and reliable income stream. We look forward to completing more successful Solarbao.com-funded projects in the coming years."
Two of the four distributed generation projects are rooftop PV power plants in Jiangsu province, another one is a rooftop project in Jiangxi province, and the rest one is a solar farm in Shandon province. The installation capacities are respectively 5MW, 2MW, 1.8MW and 4MW.