North Coast Solar Stocks

September 23, 2009

Solar Power, Inc. Executes Sales Agreement with Solarmarkt Sued Park for up to 25 Megawatts of Modules and 50 Megawatts of SkyMountTM Product

Filed under: SOPW — Tags: , , — Jason @ 9:15 am

SPI to Begin Processing Orders for Germany-Based Solarmarkt Sued Park Immediately

Wednesday September 23, 2009, 9:15 am EDT

ROSEVILLE, Calif.–(BUSINESS WIRE)–Solar Power, Inc. (“SPI”) (SOPW) announced today that it has signed a sales order agreement to supply German solar project developer Solarmarkt Sued Park with up to 25 megawatts of SPI’s high-performance 200 and 205-watt modules for a project currently being executed by Solarmarkt Sued Park. The agreement also includes up to 50 megawatts of SPI’s proprietary SkyMountTM commercial rooftop racking systems. Under the agreement several megawatts of SPI solar modules and SkyMountTM racking are to be delivered during the remainder of 2009. The sales order agreement is set to extend through 2010 with product orders commencing immediately.

Solarmarkt Sued Park is a leading solar project developer focused on developing large-scale commercial photovoltaic solar systems throughout Germany. “The performance of SPI’s solar modules is world-class. We share a common commitment to quality and place high value on their solutions-based approach to commercial systems,” said Frank Weckerle, President of Solarmarkt Sued Park. “The quality and design features of Solar Power, Inc.’s SkyMountTM rooftop racking system are superior. We have selected SPI’s SkyMount system because it is an adaptable solution for a variety of unique installation requirements and offers an innovative non-penetrating option. We look forward to working with SPI as we execute both our current book of business and our developing project portfolio,” Mr. Weckerle concluded.

“The German solar market is very important to us. Our agreement with Solarmarkt Sued Park represents significant progress as we continue to pursue our international product sales strategy,” said Bradley Ferrell, President of Solar Power, Inc’s Commercial Sales Division. “As a large-scale project developer with an excellent reputation and strong demand for their services, we are very pleased to have our products play a significant role in the solar systems they are installing across Germany.”

Solar Power, Inc. will immediately commence processing orders to meet Solarmarkt Sued Park’s active project requirements through the remainder of 2009. The balance of the agreement will be fulfilled throughout 2010. SPI continues to advance international sales of its high-performance modules, proprietary SkyMountTM racking systems, and its PeaqTM solar canopies.

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