Solar Power Inc (OTCMKTS:SOPW) a vertically-integrated PV developer, introduced the international form of its renowned online investment application, www.solarbao.com. The new website is a English-language platform and is designed to enable international institutional and individual investors to buy the unique capital leasing investment offerings. Initially, the products were available only to investors in Mainland China.
The expert view
Xiaofeng Peng, the Chairman of Solar Power stated that since the platform was unveiled in January, it has successfully used Internet finance to boost the construction of major PV projects in mainland China and has proven tremendously popular among investors. The latest announcement brings cheer to the international investors as they will now have an easy way to participate in solar revolution. It is made possible through the high-quality and socially responsible investment offerings available on the company’s platform.
In unrelated news, Solar Power said that it will present at the “SNEC Power Expo” in Shanghai to be held from April 28, 2015 to April 30, 2015. Mr. Peng and the CFO AMY Liu will participate in the conference. Mr. Peng will speak at the Expo on April 27 while Ms. Liu will take part in panel discussion on April 28, 2015.
Last week, ZBB Energy Corporation (NYSEMKT:ZBB) confirmed its intention to finalize a supply deal with Solar Power for energy storage systems. The value of the initial supply deal is estimated in a range of $80 million to $120 million. It will largely depend on the mix of installation requirements and storage applications. This supply deal will be finalized into at the closing of a SPA between ZBB and Solar Power.
In last trading session, the stock price of declined 5.69% to close the trading session at $1.99. The decline came at a share volume of 796,885 compared to the share volume of 270,185.