SPI Launches Solarbao.com Online Investment Platform

published: 2015-01-21 10:39 | editor: | category: News

Solar Power, Inc. (SPI) has unveiled its energy Internet strategy with the launch of its online investment platform, www.solarbao.com (Solarbao.com). The new online investment platform enables individual and institutional investors to purchase capital leasing investment products designed to generate stable long-term returns.

Through Solarbao.com, investors can make online purchases of modules comprised of solar panels and kits which are then leased for use in specified PV projects in China. In addition to a set annual return, investors will gain carbon credits, or "carbon beans", for each kWh of energy generated from their solar investment. Investors can also choose to purchase modules orYes!® solar kits online at Solarbao.com for resale, or for use in their own PV projects with installation and financing services provided by SPI.

Solarbao.com's initial investment products offer set annual returns of 10% for investments associated with SPI's PV project located in Hebei province and 9% for investments associated with SPI's PV project located in Guangdong province. In the future, Solarbao.com expects it will primarily offer investment products with annual returns in the range of 4% to 8%.

Following upon the recent relocation of SPI's operating headquarters from the United States to Shanghai, China, this first-of-its kind Internet energy platform is the next step in SPI's strategy to become a global solar leader providing a fully integrated PV ecosystem encompassing financing, design, construction and operation of PV projects. SPI intends to launch the English version of Solarbao.com in February 2015 which will target consumers and investors outside mainland China.

Commenting on the announcement, Mr. Xiaofeng Peng, Chairman of SPI said, " Solarbao.com leverages Internet finance to support the construction of large-scale, small commercial and residential PV projects across China, while meeting the increasing demand for high-quality, fixed-income investment products. By facilitating their actual ownership of solar modules, Solarbao.com allows investors to contribute to the build out of renewable energy in China, while also providing an opportunity to generate stable long-term returns."

announcements add announcements     mail print
Share