By SHANGHAI — Solar Power unveiled Lvdiantong, its next-generation online platform which offers ordinary households in China an innovative payment system for retail electricity from renewable sources over the Internet.
As part of SPI’s innovative online energy e-commerce and investment platform, www.solarbao.com (“Solarbao”), Lvdiantong allows users to pay for solar-generated electricity at discounted rates as compared to other traditional channels.
Leveraging Solarbao’s online and mobile platforms, Lvdiantong provides Chinese consumers with the convenience of anytime, anywhere online payment.
“Lvdiantong is the only convenient energy payment system in China which brings the benefits of sustainable green energy directly to ordinary households,” said Xiaofeng Peng, Chairman of SPI. “By leveraging the Internet to connect households with renewable energy from solar PV projects, Lvdiantong allows Chinese retail customers to enjoy discounted electricity bills while also reducing their carbon footprint. As more consumers experience the benefits of Lvdiantong, we believe more households across China will use our platform to choose green energy in meeting our country’s growing power needs.”
Following the April 2015 launch of SolarTao, SPI’s innovative B2B e-commerce platform offering a wide range of PV products for both upstream and downstream suppliers and customers, today’s announcement is the next step in SPI’s strategy to establish a Internet-enabled ecosystem comprising generation, storage, and sales of green energy.
Since its launch in early 2015, Solarbao has offered Chinese investors access to more than 100 green energy projects and financing products, bringing new financing solutions to China’s ambitious target of 100 gigawatts of solar PV installations by 2020 as outlined by China’s National Energy Administration.
About Solar Power, Inc. (OTCBB: SOPW)
Solar Power, Inc. (“SPI” or the “Company”) is a global leader in enabling photovoltaic (PV) solutions for business, residential, government and utility customers and investors. SPI focuses on the downstream PV market including the development, financing, installation, operation and sale of utility-scale and residential solar power projects in China, Japan, Europe and North America. The Company operates an innovative online energy e-commerce and investment platform, www.solarbao.com, which enables individual and institutional investors to purchase innovative PV-based investment and other products; as well as www.solartao.com, a B2B e-commerce platform offering a range of PV products for both upstream and downstream suppliers and customers. The Company has its operating headquarters in Shanghai and maintains global operations in Asia, Europe, North America and Australia.
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