Company Website:
http://www.spisolar.com
ROSEVILLE, Calif. -- (Business Wire)
SPI
Solar (“SPI”) (SOPW:OTCBB),
a vertically integrated photovoltaic solar developer, today announced
the completion of its private placement of common stock for an aggregate
$25.0 million, as announced on July 29, 2014. Net proceeds are expected
to be used for expansion of SPI’s global PV project activities,
continued investment in ramping its YES!®Solar solution
for the residential and small business segments, and for working capital
purposes.
About Solar Power, Inc. (SOPW:OTCBB):
SPI Solar (“SPI”) (Solar Power, Inc.) is a vertically integrated
photovoltaic solar developer offering its own brand of high-quality,
low-cost distributed generation and utility-scale solar energy facility
development services. From project development, to project financing and
to post-construction asset management, SPI delivers turnkey world-class
photovoltaic solar energy facilities and turnkey residential solar
solutions to its business, government and utility customers. For
additional information visit: www.spisolar.com.
Safe Harbor Statement:
This release may contain certain “forward-looking statements” relating
to the use of proceeds, business of SPI Solar, its subsidiaries and the
solar industry, which can be identified by the use of forward-looking
terminology such as “believes”, “expects” or similar expressions. 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.
Contacts:
Solar Power, Inc.
Roger Yu, 800-548-8767
Source: Solar Power, Inc.
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