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SPI Energy to sell 4.5-MW solar project to Capital Stage

SPI Energy Co. Ltd. subsidiary SPI China (HK) Ltd. has agreed to sell the 4.5-MW Todderstaffe solar farm in the United Kingdom to Capital Stage AG.

Construction of the project began in January and was completed by the end of March. The project is eligible to get renewables obligation certificates, or ROCs, at 1.2 ROCs/MWh under the U.K.'s renewables obligation scheme.

The transaction brings Germany-based Capital Stage's electric generation portfolio in the U.K. to more than 90 MW, according to a June 1 release.