SPI Solar (“SPI”) ( OTCBB:SOPW) a leading vertically integrated photovoltaic (“PV”) solar developer, today announced that it has been contracted by BLT Enterprises (“BLT”) to design and build a 400 kW DC distributed generation PV solar energy facility (“SEF”) to help power operations at Volkswagen’s U.S. Test Center California (“TCC”) which encompasses a Technical Center and an Emissions Laboratory located in Oxnard, CA. The center, currently under construction by an affiliate of BLT Enterprises, is a 63,500 square-foot facility which will be one of the automobile industry’s most advanced emissions testing and power train development facilities. The center will be used by various brands within the Volkswagen Group which includes Volkswagen, Audi, Lamborghini, Bentley and Bugatti.
SPI expects to begin construction of the SEF in the first quarter of 2012.About Solar Power, Inc. ( OTCBB: SOPW ): Solar Power, Inc. (SPI) 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. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50138202&lang=en