SPI Solar (“SPI”) (SOPW:OTCBB), a vertically-integrated photovoltaic solar developer, today announced that its wholly-owned subsidiary, Xinyu Xinwei New Energy Co., Ltd. (“Xinwei”), has entered into an engineering, procurement and construction (“EPC”) agreement with Zhongwei Hengji Weiye Photovoltaic Power Co., Ltd. for the construction of a 30 megawatt project (MW) in Zhongwei City, Ningxia Hui Autonomous Region, China.
“We are pleased to announce SPI’s first EPC experience for a PV project in Ningxia, highlighting the opportunity for the construction of solar projects across China’s interior regions”
Construction of the project is expected to begin in August 2014 with completion and grid connection anticipated before the end of 2014. EPC services to be provided by Xinwei include survey and design, procurement of equipment and materials, construction and installation, technical services, and training, among others. This EPC agreement represents a significant milestone for SPI in developing solar projects in Western China, and adds to SPI’s growing EPC business in the domestic China PV market.
“We are pleased to announce SPI’s first EPC experience for a PV project in Ningxia, highlighting the opportunity for the construction of solar projects across China’s interior regions,” said Min Xiahou, global Chief Executive Officer of SPI. “This announcement follows others we’ve recently made regarding projects in China, and we anticipate that we will continue to expand SPI’s footprint across this growing PV market through EPC contracts, project development and selected investments in a diversified portfolio of solar projects and assets.”
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