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SPI Solar To Participate In 14th Annual Needham Growth Conference In New York City January 10-12, 2012

SPI Solar (“SPI”) ( OTCBB: SOPW) a leading vertically integrated photovoltaic (“PV”) solar developer, today announced that Steve Kircher, CEO and Jim Pekarsky, CFO will be presenting at the 14th Annual Needham Growth Conference on January 10 – January 12, 2012 at The New York Palace Hotel in New York City. Mr. Kircher and Mr. Pekarsky will present on January 11 at 8:40 a.m. in the “Chairman’s Office” and will be conducting one-on-one meetings after their presentation. In addition to providing an overview of the Company’s business operations, Mr. Kircher and Mr. Pekarsky will also address recent Company news including securing $64 million in project financing and an 11.3 megawatt EPC contract award in New Jersey.

The Annual Needham Growth Conference is one of the largest growth conferences on Wall Street. It serves as a forum for public and private institutional investors to hear the latest updates from senior management teams in the Clean Technology, Communications, Consumer, Enterprise Infrastructure, Healthcare, Industrial & Diversified Growth, Internet & Digital Media, Semiconductors & Semiconductor Equipment and Software & Services sectors. Close to 1,500 institutional investors and 150 venture capital professionals are expected to be in attendance during the three-day conference.

About SPI Solar ( OTCBB: SOPW ):

SPI Solar (“SPI”) (Solar Power, Inc.) is a vertically integrated photovoltaic solar developer offering its own brand of high-quality, low-cost distributed generation and utility-scale solar energy facility development services. Through the Company’s close relationship with LDK Solar, SPI extends the reach of its vertical integration from silicon to system. From project development, to project financing and to post-construction asset management, SPI delivers turnkey world-class photovoltaic solar energy facilities to its business, government and utility customers. For additional information visit: www.spisolar.com.

Safe Harbor Statement:

This release contains certain “forward-looking statements” relating to the business of Solar Power, Inc., its subsidiaries and the solar industry, which can be identified by the use of forward looking terminology such as “believes, expects” or similar expressions. The forward looking statements contained in this press release include statements regarding the Company’s ability to execute its growth plan and meet revenue and sales estimates, enter into formal long-term supply agreements, and market acceptance of products and services. These statements involve known and unknown risks and uncertainties, including, but are not limited to, general business conditions, managing growth, and political and other business risk. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.

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