Boulder, CO, May 11, 2016 – AES Distributed Energy, Inc. (AES DE), a developer, owner, and operator of solar photovoltaic (PV) projects and a subsidiary of The AES Corporation, today announced a strategic partnership with SPI Energy Co., Ltd. (SPI Energy) (Nasdaq: SPI), a global provider of solar PV solutions. Through this partnership, the two companies plan to co-develop 6.78 megawatts (MW) of solar PV projects across nine sites.
The projects will be constructed on the islands of Oahu and Maui as part of contracts awarded by Maui Electric Company (MECO) and Hawaiian Electric Company (HECO) under 20-year Feed-in Tariff (FIT) agreements. AES DE will serve as the long-term owner and operator of the solar facilities. The nine solar facilities are expected to generate enough clean and reliable electricity each year to offset the energy usage of approximately 1,700 homes in Hawaii.
AES DE Quote:
“We are very excited to partner with SPI Energy on these projects and contribute to Hawaii reaching its ambitious long-term goal of producing 100% of its power from renewable energy,” said Woody Rubin, President of AES Distributed Energy.
“By leveraging the respective strengths of SPI Energy and AES DE, we can accelerate the construction schedule and time to market of these projects. This deal also highlights the high quality of our global PV asset portfolio,” said Xiaofeng Peng, Chairman
About AES DE
AES Distributed Energy brings reliable and affordable solar power to schools, municipalities, utilities, residential marketers and private-sector commercial entities. We develop, own and operate distributed generation solar PV projects. Our partnerships with EPC contractors, equipment manufacturers
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors. SPI Energy focuses on the downstream PV market including the development, financing, installation, operation
For additional information visit: www.spisolar.com, www.solarbao.com or www.solartao.com.
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