HONG KONG, March 28, 2017 (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ:SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, today announced that it hired The Blueshirt Group to assist in executing its communication and outreach program to the financial community.
“We believe The Blueshirt Group is an ideal partner to help us raise our visibility with investors, analysts, and the financial media. Our focus on the downstream segment of the solar value chain and unique and innovative business model are opening substantial new market opportunities around the world, and we want investors to be more aware of our prospects,” commented Mr. Weili Su, Founder, Chairman and Chief Executive Officer of Sky Solar. "We look forward to leveraging The Blueshirt Group's extensive experience in working with a number of solar, energy and environmental technology companies as we enter the next stage of our company's development.”
“We are excited about the opportunity to work with this leader in the solar industry,” said Gary Dvorchak, Managing Director of the Energy, Environmental & Industrial Technologies practice at The Blueshirt Group. “We have the IR profession’s leading environmental practice, and look forward to utilizing our strength to substantially expand Sky Solar’s visibility in the major money centers around the world. With a differentiated business model and a growing global downstream solar market, we expect interest in Sky Solar to grow meaningfully. We are delighted to join the Sky Solar team.”
About Sky Solar Holdings, Ltd.
Sky Solar is a global independent power producer (“IPP”) that develops, owns and operates solar parks and generates revenue primarily by selling electricity. Since its inception, Sky Solar has focused on the downstream solar market and has developed projects in Asia, South America, Europe, North America and Africa. The Company's broad geographic reach and established presence across key solar markets are significant differentiators that provide global opportunities and mitigate country-specific risks. Sky Solar aims to establish operations in select geographies with highly attractive solar radiation, regulatory environments, power pricing, land availability, financial access and overall power market trends. As a result of its focus on the downstream photovoltaic segment, Sky Solar is technology agnostic and is able to customize its solar parks based on local environmental and regulatory requirements. As of June 30, 2016, the Company had developed 276 solar parks with an aggregate capacity of 259.1 MW and owned and operated 133.1 MW of solar parks.
This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include, but are not limited to the following: the reduction, modification or elimination of government subsidies and economic incentives; global and local risks related to economic, regulatory, social and political uncertainties; resources we may need to familiarize ourselves with the regulatory regimes, business practices, governmental requirements and industry conditions as we enter into new markets; our ability to successfully implement our on-going strategic review to unlock shareholder value; global liquidity and the availability of additional funding options; the delay between making significant upfront investments in the Company's solar parks and receiving revenue; expansion of the Company's business in the U.S. and into China; risk associated with the Company's limited operating history, especially with large-scale IPP solar parks; risk associated with development or acquisition of additional attractive IPP solar parks to grow the Company's project portfolio; and competition. Further information regarding these and other risks is included in Sky Solar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
For investor and media inquiries, please contact:
SKYS Investor Relations:
The Blueshirt Group
US or Mandarin
+1 (415) 489-2195
Gary Dvorchak, CFA
+86 (138) 1079-1480
Sky Solar Holdings Ltd.