SPI to acquire Shanghai All-Zip Roofing System Group

Facebook
Twitter
LinkedIn
Reddit
Email

Vertically-integrated PV developer Solar Power (SPI) and its subsidiary Meitai Investment Co. has agreed to a definitive share purchase deal with Shanghai All-Zip Roofing System Group Co. (All-Zip) and all of its shareholders in order to acquire 100% of the equity interest in the company.

All-Zip stands as one of the top roofing solutions within the Chinese market.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

In accordance with the deal, Meitai Investment has agreed to buy 100% of the equity interest in All-Zip for US$44.3 million (RMB275 million) — which will be settled with SPI’s shares of stock at $2.38 per share.

Xiaofeng Peng, chairman of SPI, said: “Following upon the framework agreement announced last October, we are pleased to announce this agreement to acquire All-Zip. All-Zip's expertise in providing comprehensive roofing solutions for commercial and industrial installations fits well with SPI's strategy to capitalize on the growing market in China for the development of distributed generation (DG) solar PV projects, which China's National Energy Administration (NEA) has pledged to actively support in the coming years.

“Combined with SPI's innovative online energy e-commerce and investment platform Solarbao.com, All-Zip gives SPI a strong foundation to capture market share in the lucrative commercial and industrial rooftop DG segment in China.”

Read Next

July 7, 2025
The board of REC Silicon is running out of time on a buyout offer by Korean conglomerate Hanwha previously dismissed as "lowball".
Premium
July 7, 2025
Collecting project performance data and managing cybersecurity concerns is no simple task for many project managers.
July 7, 2025
ReNew has received a non-binding final acquisition offer from a consortium at US$8 per share, which is 13.2% more than their earlier offer.
July 7, 2025
Chinese energy giant China Petroleum and Chemical Corporation, also known as Sinopec, has commenced operations at a 7.5MW offshore floating PV plant in China.
July 7, 2025
GameChange Solar has announced plans to supply trackers for the 1GW second phase of the Abydos project in Egypt.
July 7, 2025
Private equity firm Ardian has completed the acquisition of French independent power producer Akuo, a transaction unveiled in March 2025.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK