SHANGHAI, April 28, 2015 /PRNewswire/ -- Solar Power, Inc. ("SPI") (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV") developer, today unveiled SolarTao.com, its innovative business-to-business ("B2B") e-commerce platform offering a wide range of PV products for both upstream and downstream suppliers and customers.
The new online marketplace enables PV solution sellers and buyers to connect and transact on an innovative, transparent, and secure online platform designed to provide a cost-effective way for upstream and downstream PV players to match supply and demand.
According to a February 2015 report by iResearch Consulting Group, a leading market research firm focusing on China internet industry, B2B accounted for 73% of China's total e-commerce sales in 2014, based on gross merchandise value. China's online B2B market is expected to grow from RMB 9.0 trillion in 2014 to RMB 15.9 trillion by 2018, representing a CAGR of 15%.
"We are delighted to announce the launch of SolarTao.com, SPI's new B2B solar e-commerce platform which we believe will be a driving force in creating an efficient PV supply chain in China," said Xiaofeng Peng, Chairman of SPI. "SolarTao.com leverages SPI's rich industry resources and experience to enable upstream and downstream players to match supply and demand in a cost-effective manner, thus adding value along the entire PV supply chain and also helping to create a solar industry ecosystem."
Today's announcement represents SPI's most recent online initiative following the launch of Solarbao.com.hk, the international version of its ground-breaking online investment platform, Solarbao.com, on April 20, 2015.
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 and North America.
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.
Amy Liu, Solar Power, Inc.
SOURCE Solar Power, Inc.