SHANGHAI, April 17, 2015 /PRNewswire/ -- Solar Power, Inc. ("SPI") (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV") developer, today announced that its online investment platform, www.solarbao.com ("Solarbao.com") was named "Most Innovative Internet Finance Brand" by the China International E-commerce Association at the 2015 New Media Gateway Conference.
"We are honored to receive this recognition from the China International E-commerce Association," said Xiaofeng Peng, Chairman of SPI. "SPI launched our groundbreaking Solarbao.com investment platform in China early in 2015 to establish a new channel of financing for the solar industry. Since then Solarbao.com has seen strong acceptance by investors and has helped to promote growth and awareness of renewable energy in China. We look forward to expanding the scope of Solarbao's impact in the coming years."
SPI's Solarbao.com investment platform enables individual and institutional investors to purchase innovative capital leasing investment products designed to generate stable long-term returns. Through Solarbao.com, investors can make online purchases of solar modules and kits which are then leased for use in specified PV projects in China. In addition to a set annual return, investors can earn carbon credits, or "carbon beans", for each kilowatt hour of energy generated from their solar investment. Investors can also choose to purchase modules or Yes!® solar kits online at Solarbao.com for resale, or for use in their own PV projects with installation and financing services provided by SPI.
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 also 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. 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.
SOURCE Solar Power, Inc.