UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the Month of November 2019

 

Commission File No.: 001-37678

 

SPI ENERGY CO., LTD.


 

4677 Old Ironsides Drive, Suite 190
Santa Clara, CA 95054
(Address of Principal Executive Offices.)

 

Xiaofeng Peng, Chief Executive Officer

4677 Old Ironsides Drive, Suite 190

Santa Clara, CA 95054


 

Telephone: +1 408-919-8000

Fax: +1 888-633-0309

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F x          Form 40-F o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____

 

 

 

 

   

 

 

Other Information

 

On November 6, 2019, SP Orange Power (Cyprus) Limited (“SP Orange”), a wholly owned subsidiary of SPI Energy Co., Ltd. (the “Company”), completed its acquisition of the 100% equity interest of THERMI SUN S.A. (“Thermi Sun”), which owns 4.4 Megawatts ("MW") of photovoltaic (“PV”) projects in Greece. SP Orange paid approximately EUR 7.55 million to complete the transaction. The Thermi Sun acquisition represents the last of three acquisitions completed under the terms of an agreement with THERMI TANEO Venture Capital Fund (“TTVCF”) that was executed in September 2017, as amended in 2019. The Company, through SP Orange, acquired from TTVCF all of TTVCF’s equity interests in three Greek companies (namely, THERMI SUN S.A, HELIOHRISI S.A., and HELIOSTIXIO S.A), which own a total of four PV plants with an aggregate capacity of 7.4MW in northern Greece.

 

Attached as Exhibit 99.1 is a copy of the press release announcing the closing.

 

Financial Statements and Exhibits.

 

 Exhibit No.Description
   
99.1Press Release dated November 6, 2019

 

 

 

 

 

 

 

 

 

 

 

 2 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Dated: November 6, 2019

 


 

SPI ENERGY CO., LTD.

 

By: /s/ Xiaofeng Peng                          
Name: Xiaofeng Peng
Title: Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 3 

 

Exhibit 99.1

 

SPI Energy Completes Acquisition of 4.4MW of Solar Projects in Greece

 

SANTA CLARA, California, November 6, 2019 (GLOBE NEWSWIRE) – SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (NASDAQ: SPI), a global provider of green energy solutions with strategic investments in green-energy-enabled products and services, today announced that SP Orange Power (Cyprus) Limited (“SP Orange”), a wholly owned subsidiary of the Company, has completed its acquisition of 100% of the equity interest of THERMI SUN S.A. (“Thermi Sun”), which owns 4.4 Megawatts ("MW") of photovoltaic (“PV”) projects in Greece. The PV projects at Thermi Sun have been connected to the Greek power grid since July 2012, and they are currently in operation.

 

The Company’s 7.55-million-euro acquisition of Thermi Sun represents the last of three acquisitions completed under the terms of an agreement with THERMI TANEO Venture Capital Fund (“TTVCF”) that was executed in September 2017, as amended in 2019. SPI Energy, through SP Orange, acquired from TTVCF all of its equity interests in the three Greek companies (namely, THERMI SUN S.A, HELIOHRISI S.A., and HELIOSTIXIO S.A), which own a total of four PV plants with an aggregate capacity of 7.4MW in northern Greece that produce estimated revenue of 2.4 million euros annually.

 

“We are excited about this latest acquisition and are proud of completing our contractual obligations under the agreement,” stated Hoong Khoeng Cheong, Chief Operating Officer of SPI Energy. Xiaofeng Peng, Chairman and Chief Executive Officer of the Company, commented, “This acquisition represents another key milestone in our strategic plan regarding our global solar assets. As we continue to reorganize our business, our top priority is to seek out opportunities to optimize our global PV portfolio, improve our operating cash flows and enhance our operating margins.”

 

About SPI Energy Co., Ltd.

 

SPI Energy Co., Ltd. is an established provider of photovoltaic solutions with global operations in key markets in Australia, Europe, Japan and the United States. The Company is leveraging its solar platform and expertise to make strategic investment in green industries with significant growth and earnings potential and/or green-energy-enabled products and services.

 

For inquiries, please contact:

 

SPI Energy Co., Ltd.
IR Department
Email: ir@spigroups.com

 

RedChip Companies
Bruce Haase
(407) 712-8965
bruce@redchip.com