Wednesday, July 20, 2011

SPI solar begins construction of the 8 megawatt utility scale development in Palm Springs, California

Wednesday, July 20, 2011

ROSEVILLE, Kalifornien-(BUSINESS WIRE) - SPI solar ("SPI") (OTCBB: SOPW) a leading developer of ("PV") solar energy photovoltaic systems today announced that it entered into an EPC contract with North Palm Springs investments, LLC and is building on a 8-megawatt DC-utility-scale development is located in nearby Palm Springs, California has begun. A power purchase agreement ("PPA") with Southern California Edison ("SCE") makes the exclusive buyer SCE the current through the SPI system for a period of 20 years. During this term SPI monitoring services offer PowerView monitoring system monitoring and optimal system performance and maximum power generation on the company's own solar.


"We are very pleased to have this project." "SCE is partner a great to work with and our largest utility-scale project, and our biggest project with SCE is to this day," said Steve Kircher, CEO for SPI. "Utility-scale projects as well as an increasing number of distributed generation track projects in the United States we are," added Mr Kircher. "This week we are the Intersolar North America Conference in San Francisco, where we will meet with several perspectives to develop strategic partnerships with us like the we recently, announced with KDC solar visited." We are excited about our pipeline development and "Mr. KIRCHER Castle the possibilities that it represents for our company."


The Palm Springs development use about 33,880 solar modules on a single Tracker System a total of 36.5 hectares on two separate parcels of LDK for SPI made. The SPI-single-tracking systems can the array, the strings of the panels to follow the course of the Sun, maintaining an optimal angle relative to the position of the Sun from sunrise to sunset and hence to the increase in the power production capabilities of the system to mechanically. SPI includes innovative and environmentally friendly installation practices in his design process as a result minimal disturbance of native conditions. (Video installation by the SPI Tracker systems can be found under: http://www.spisolar.com/Page.aspx?)(Page 44)


If you have finished, created the system a estimated 8,000 kilowatt hours electricity in the first year, to remove the equivalent 10,912 miles of cars with the highway and opposing 6 tons of CO2 from the environment operated.


About solar power, Inc. (OTCBB: SOPW):


(SPI) is a vertically integrated photovoltaic solar developer solar power, Inc. offers an own brand for high-quality, low-cost distributed generation and utility-scale solar energy development of building services. By the company close relationship with LDK Solar expands SPI the range of the vertical integration of Silicon system. Project development offers from project funding and temporary asset management, SPI turnkey world-class photovoltaic solar energy facilities for their business, Government and utility customers. For more information, please visit: www.spisolar.com.


Safe Harbor statement:


This release contains certain "forward-looking statements" relating to the activity of solar power, Inc., its subsidiaries and the solar industry, by the use of forward looking words such as "believes, expects" or similar expressions be identified can. The forward looking statements contained in this press release include statements for the company running ability, their growth plans and revenue and sales give estimates, in formal market long-term supply agreements and acceptance of products and services. These statements involve known and unknown risks and uncertainties, including, but not limited to, general terms and conditions, management of growth and political and other business risks. All forward-looking statements are qualified expressly submitted in the reports of the company with the Securities and Exchange Commission in their entirety by this cautionary statement and of the risks and other factors that in detail. The company assumes no obligation, publicly update or revise any forward-looking statements, whether to a new information, future events or otherwise, except may be required under securities law.


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