SPI Announces Launch of "Lvdiantong" Green Energy Payment Platform

Innovative new platform leverages solar projects, Internet to bring affordable green energy to households across China

Aug 19, 2015, 09:43 ET from Solar Power, Inc.

SHANGHAI, Aug. 19, 2015 /PRNewswire/ -- Solar Power, Inc. ("SPI") (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV") developer, today unveiled Lvdiantong, its next-generation online platform which offers ordinary households in China an innovative payment system for retail electricity from renewable sources over the Internet.

As part of SPI's innovative online energy e-commerce and investment platform, www.solarbao.com ("Solarbao"), Lvdiantong allows users to pay for solar-generated electricity at discounted rates as compared to other traditional channels. Leveraging Solarbao's online and mobile platforms, Lvdiantong provides Chinese consumers with the convenience of anytime, anywhere online payment.

"Lvdiantong is the only convenient energy payment system in China which brings the benefits of sustainable green energy directly to ordinary households," said Xiaofeng Peng, Chairman of SPI. "By leveraging the Internet to connect households with renewable energy from solar PV projects, Lvdiantong allows Chinese retail customers to enjoy discounted electricity bills while also reducing their carbon footprint. As more consumers experience the benefits of Lvdiantong, we believe more households across China will use our platform to choose green energy in meeting our country's growing power needs."

Following the April 2015 launch of SolarTao, SPI's innovative B2B e-commerce platform offering a wide range of PV products for both upstream and downstream suppliers and customers, today's announcement is the next step in SPI's strategy to establish a Internet-enabled ecosystem comprising generation, storage, and sales of green energy.

Since its launch in early 2015, Solarbao has offered Chinese investors access to more than 100 green energy projects and financing products, bringing new financing solutions to China's ambitious target of 100 gigawatts of solar PV installations by 2020 as outlined by China's National Energy Administration.

About Solar Power, Inc. (OTCBB: SOPW)

Solar Power, Inc. ("SPI" or the "Company") is a global leader in enabling photovoltaic (PV) solutions for business, residential, government and utility customers and investors. SPI 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 Shanghai and maintains global operations in Asia, Europe, North America and Australia.

For additional information visit: www.spisolar.com, www.solarbao.com, www.solarbao.com.hk or www.solartao.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

SOURCE Solar Power, Inc.



RELATED LINKS

http://www.solarbao.com


http://www.spisolar.com