SPI Energy announced that its subsidiary SPI China has closed a transaction to sell entire issued capital of Solar Park Developments 2 Ltd, which holds solar power project in the UK.

The solar power project in the United Kingdom has a rated capacity of approximately 15 megawatts ("MW"), to a fund managed by BlackRock a global leader in investment management, risk management and advisory services.

Located in Tasburgh, Norwich, the Hall Farm solar project commenced construction in the first quarter of 2015 and was connected to the grid in August 2015.

The project is eligible to receive Renewables Obligation Certificates ("ROCs") at 1.3 ROCs/MWh for 20 years under the UK’s Renewables Obligation scheme.

SPI Energy, chairman Xiaofeng Peng, "We are delighted to partner with BlackRock again on our third UK transaction during the past year."

"BlackRock is one of the leading global infrastructure investors and this deal is a testament to SPI Energy’s proven track record of delivering high quality solar power projects in the UK and worldwide."