SOPW News Alert Solar Power Inc. (SOPW) 1.7200 02/15/2015 13
Post# of 64074
SPI Solar Announces Completion of $70 Million Private Placement
PR Newswire - Fri Jan 30, 10:06AM CST
Solar Power, Inc. ("SPI" (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV" solar developer, today announced the completion of its $70 million private placement, previously announced on December 15, 2014. The private placement consisted of $35 million of common stock sold at a purchase price of $2.00 per share and $35 million of convertible promissory notes.
SPI Announces Launch of Solarbao.com Online Investment Platform
PR Newswire - Tue Jan 20, 5:51AM CST
Solar Power, Inc. ("SPI" (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV" developer, today unveiled its energy Internet strategy with the launch of its online investment platform, www.solarbao.com ("Solarbao.com" .
SPI Announces Agreement to Acquire 4.3 Megawatts of Solar PV Projects in Italy
PR Newswire - Fri Jan 16, 5:38AM CST
Solar Power, Inc. ("SPI" (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV" developer, today announced that SPI, together with its wholly owned subsidiary, SPI China (HK) Limited, has entered into a stock purchase agreement with CECEP Solar Energy Hong Kong Co., Limited ("CECEP HK" , a wholly owned subsidiary of China Energy Conservation and Environmental Protection Group ("CECEP" , a top state-owned energy conglomerate in China, to acquire 4.3 megawatts ("MW" of photovoltaic projects in Italy.
SPI Announces Relocation of Operating Headquarters to China
PR Newswire - Thu Jan 15, 6:43AM CST
Solar Power, Inc. ("SPI" (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV" developer, today announced that its operating headquarters has been relocated to Shanghai, China effective from January 14, 2015.
SPI Solar Announces Completion of Acquisition of Gonghe County Xinte Photovoltaic Co., Ltd.
Business Wire - Thu Jan 08, 7:30AM CST
Solar Power, Inc. ("SPI" (OTCBB:SOPW), a vertically-integrated photovoltaic ("PV" developer, today announced that it has entered into definitive agreements and closed the acquisition of Gonghe County Xinte Photovoltaic Co., Ltd. ("Xinte" , a PV project company established in the People's Republic of China with limited liability and directly owned by TBEA Xinjiang Sunoasis Co., Ltd. ("TBEA Sunoasis" . TBEA Sunoasis is a leading provider of PV products and system integration services and a subsidiary of TBEA Co., Ltd. (Shanghai: 600089), a top machinery maker in China according to the China Machinery Top 500 Research Report. As a result, SPI immediately adds to its global portfolio a solar PV project in the Ningxia Hui Autonomous Region of China with an annual nameplate capacity of 20 megawatts (MW).
SPI Solar Announces Investor's Exercise of Option to Purchase Shares of Its Common Stock
Business Wire - Mon Jan 05, 7:31AM CST
Solar Power, Inc. ("SPI" (OTCBB:SOPW), a vertically-integrated photovoltaic ("PV" developer, today announced the exercise of an option to purchase from SPI shares of its common stock by the lead investor in SPI's $48.25-million private placement, which was announced on September 23, 2014. As a result, SPI authorized and issued 17,200,000 shares of its common stock for an aggregate purchase price of U.S. $20,125,000. The shares are being offered and sold upon reliance of Regulation S promulgated under the Securities Act of 1933, as amended, and are exempt from registration.
SPI Solar signs Settlement and Mutual Release agreement with LDK HK of USD11m
M2 - Fri Jan 02, 4:30AM CST
Solar Power Inc (SPI) (OTCBB:SOPW), a vertically-integrated photovoltaic developer, revealed on Thursday that it signed a Settlement and Mutual Release agreement with LDK Solar International Company Limited (LDK HK), for an aggregate settlement amount of USD11m.
SPI Solar Enters into Settlement and Mutual Release with LDK Solar International Company Limited
Business Wire - Wed Dec 31, 7:31PM CST
Solar Power, Inc. ("SPI" (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV" developer, today announced that it has entered into a Settlement and Mutual Release with LDK Solar International Company Limited ("LDK HK" , pursuant to which LDK HK agreed to release and discharge SPI from all actions, claims, demands, damages, obligations, liabilities, controversies and executions arising out of SPI's payables to LDK HK and its subsidiaries, in exchange for an aggregate settlement amount of $11,000,000 (the "settlement arrangement" .
Renewable Energy Trade Board: The Most Interesting Solar Company That Nobody Knows
Shawn Kravetz - Seeking Alpha - Wed Dec 17, 4:09AM CST
About a year ago, we penned a brief article highlighting the most obscure and potentially lucrative opportunity we had encountered in ten years of solar investing, Renewable Energy Trade Board Corp. (OTCPK: OTCPK:EBODF ). In the past year, a...
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SPI Solar Announces Entry into Definitive Agreements on Up to $140 Million in Private Placement
Business Wire - Mon Dec 15, 3:00PM CST
Solar Power, Inc. ("SPI" (OTCBB:SOPW), a vertically integrated photovoltaic ("PV" developer, today announced the entry into definitive agreements relating to a new private placement of up to $140 million. The private placement was led by Mr. Shi Yuzhu ("Mr. Shi" , founder of Giant Interactive Group Inc., a leading online game developer and operator which was listed on the New York Stock Exchange, and China Dongxiang (Group) Company Limited ("Dongxiang" (3818: HK), one of the leading international sportswear brand enterprises in China and whose shares are listed on the Hong Kong Stock Exchange.
GA: 11.92 (+0.01)
Solar Power reports launch of non-binding MOU for HKD1.2bn shares in Guocang Group
M2 - Mon Dec 15, 5:05AM CST
Photovoltaic developer Solar Power (OTCBB:SOPW) Friday announced a non-binding memorandum of understanding (MOU) to subscribe for HKD1.2bn shares in Guocang Group (NYSE:HK).
HK: 2.18 (-0.02)
SPI Enters into Memorandum of Understanding on HK$1.2 Billion Investment in Guocang Group Limited
Business Wire - Fri Dec 12, 3:59AM CST
Solar Power, Inc. ("SPI" (OTCBB:SOPW), a vertically-integrated photovoltaic ("PV" developer, today announced that it has entered into a non-binding memorandum of understanding ("MOU" to subscribe for shares in Guocang Group Limited ("Guocang" (559:HK). SPI contemplates injecting capital in an aggregate amount of HK$1.2 billion (approximately US$154.8 million) in Guocang, along with Mr. Choi Chiu Fai Stanley, a private investor and 19% shareholder of SPI, to enable Guocang to pursue opportunities of high growth potential in the solar energy business.
SPI Solar Announces Agreement to Acquire and Develop Solar Project in New Jersey
Business Wire - Fri Dec 05, 7:30AM CST
Solar Power, Inc. ("SPI" or "SPI Solar" (OTCBB:SOPW), a vertically-integrated photovoltaic ("PV" developer, today announced that it has entered into an agreement to acquire from Shotmeyer Solar, LLC 100% of its membership interest in Beaver Run Solar Farm, LLC ("BRSF" . BRSF has obtained certain approvals for development of a 9.9 megawatt DC solar project site in Lafayette, New Jersey. As part of the agreement, SPI has also executed a long-term ground lease with Shotmeyer Solar, LLC for the land dedicated for the solar project. The transaction is expected to close prior to year-end 2014.
While Oil Slides, Solar Stocks Take Center Stage
ACCESSWIRE - Wed Dec 03, 6:31AM CST
Coral Gables, FL / ACCESSWIRE / December 3, 2014 / The long-term fundamentals of solar continue to get better quarter over quarter. As solar energy costs fall below grid parity worldwide, demand should increase at an exponential rate over the next 10-15 years. For investors, the present market for solar stocks has shown great opportunity for the main fact that solar companies should continue to grow even if oil remains as low as it is today. So no matter what OPEC does in the long-term, solar power should stand the test of time as the world pushes forward for a "brighter" future.
SPI Solar Announces Agreement to Provide EPC Services in Jiangsu Province, China
Business Wire - Tue Nov 25, 7:30AM CST
Solar Power, Inc. ("SPI" or "SPI Solar" (OTCBB:SOPW), a vertically-integrated photovoltaic ("PV" developer, today announced that two of its wholly-owned subsidiaries in China (collectively, "SPI Solar China" , have entered into agreements to develop two rooftop sites; one in Sheyang City, and another in Suzhou Industrial Park, both in Jiangsu Province, China.
SPI Solar Announces Change of Independent Registered Public Accounting Firm
Business Wire - Mon Nov 24, 7:30AM CST
Solar Power, Inc. ("SPI" or "SPI Solar" (OTCBB:SOPW), a vertically-integrated photovoltaic ("PV" developer, today announced that it dismissed Crowe Horwath LLP ("Crowe" as its principal accountants effective on November 18, 2014. The decision to dismiss Crowe was approved by SPI's board of directors. Contemporaneous with the dismissal of Crowe, SPI decided to engage KPMG Huazhen (Special General Partnership) ("KPMG Huazhen" as its principal accountants for its consolidated financial statements as of and for the year ending December 31, 2014, a decision also approved by SPI's board of directors.
Ethanol makers cheer as EPA punts on renewable fuel mandate decision
Seeking Alpha - at Seeking Alpha - Fri Nov 21, 5:45PM CST
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SPI Solar Announces Definitive Agreement to Acquire and Develop Solar Project in Japan
Business Wire - Tue Nov 18, 7:30AM CST
Solar Power, Inc. ("SPI" or "SPI Solar" (OTCBB:SOPW), a vertically-integrated photovoltaic ("PV" developer, today announced that its wholly owned subsidiary, SPI Solar Japan G.K., has entered into a definitive purchase agreement to acquire 100% of the equity interest in a 22 megawatt ("MW" solar project company, including land dedicated for the project, located in Sukagawa City, Fukushima Prefecture, Japan. The solar project will be owned and developed by SPI. The agreement also contains an option for SPI to develop up to 3 MW of additional capacity on the same site. Construction is planned to begin in April 2015, with completion and connection to the grid expected in April 2016.
SPI Solar Announces Agreements with TBEA Xinjiang Sunoasis Co., Ltd. to Develop and Acquire Multiple Solar Projects in China
Business Wire - Mon Nov 17, 7:30AM CST
Solar Power, Inc. ("SPI" or "SPI Solar" (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV" developer, today announced that its wholly owned subsidiary, SPI Solar Power (Suzhou) Co., Ltd. ("SPI Meitai" , has entered into a framework agreement with TBEA Xinjiang Sunoasis Co., Ltd. ("TBEA Sunoasis" , a subsidiary of TBEA Co., Ltd. (Shanghai: 600089) and a top machinery maker in China according to China Machinery Top 500 Research Report, to acquire from TBEA Sunoasis 168.5 megawatts ("MW" of solar projects across China, including in Gansu Province, Xinjiang Region, Inner Mongolia Region and Qinghai Province. These projects are expected to be connected to the grid starting from 2014 to the end of 2015. SPI and TBEA Sunoasis will enter into a definitive equity interest purchase agreement no later than March 31, 2015, subject to the closing conditions set out in the framework agreement.
SPI Announces Third-Quarter 2014 Financial Results
Business Wire - Thu Nov 13, 3:05PM CST
Solar Power, Inc. ("SPI" (SOPW:OTCBB), a vertically-integrated photovoltaic ("PV" developer, today announced its results for the third quarter ended September 30, 2014.