N@N

Solar Power, Inc. Contracted to Develop 397 Kilowatt Solar Project for Major San Francisco Bay Area Recycling Center

^{Published on 2010-05-20 03:22:45 - Market Wire}
 

ROSEVILLE, Calif.--([ BUSINESS WIRE ])--[ Solar Power, Inc. ] ([ OTCBB: SOPW ]) announced today that it has been contracted by BLT Enterprises to design and construct a 397 kW photovoltaic (aPVa) solar system to provide power for BLT Enterprisesa™ Fremont Recycling and Transfer Station (aFRTSa) located in Fremont, California. The FRTS handles the recycling and disposal needs for the residents of the Tri-Cities area (Fremont, Newark and Union City) and in 2009 recycled nearly 14,000 tons of material. This volume of recycling included enough paper to save 182,000 trees and enough plastic soda bottles to make 68,000 fleece jackets. The incorporation of Solar Power, Inc.a™s commercial PV solar system with BLTa™s inherently sustainable practices will make it one of the San Francisco Bay Areaa™s greenest commercial operations.

"Our system will provide an excellent environmental complement to BLT Enterprisesa™ strength as a green business."

Solar Power, Inc. will design and construct the solar system which will include a mix of rooftop racking and parking shade structures on which the 1,776 solar modules will be mounted. Once completed, the solar system will produce more than 576,000 kWh of electricity, and deliver more than $128,000 in savings during its first year of operation. The system will reduce the electrical utility costs of operating the FRTS by more than $4.24 million over 25 years. In addition to cost savings, during its first year of production the FRTS solar plant will produce environmental offsets equivalent to preserving 3.1 acres of forest and 447 metric tons of avoided carbon emissions.

aWe are very pleased to be adding this solar system to our Fremont operation,a said Shawn Guttersen, Vice President of BLT Enterprises. aIt is a complement to our core values and mission to provide the means for environmentally responsible recycling and disposal of waste materials produced by communities across California,a Guttersen concluded.

aWe are very happy to be chosen to work with BLT Enterprises to design and develop a PV solar plant that will help power its FRTS operations,a said Stephen Kircher, Chairman and CEO of Solar Power, Inc. aOur system will provide an excellent environmental complement to BLT Enterprisesa™ strength as a green business.a

BLT Enterprises is a privately owned, Southern California-based company that has specialized for over 20 years in the development and operation of Material Recycling Facilities and transfer stations, as well as the processing and marketing of recyclable materials. Led by the companya™s principals, Bernard Huberman and Daniel Rosenthal, and Vice-President, Shawn Guttersen, BLT has been engaged in the solid waste industry for more than 25 years. The company operates several facilities like the Fremont Recycling and Transfer Station throughout California.

About Solar Power, Inc.:

Founded in 2005, [ Solar Power, Inc. ] is a vertically integrated solar developer; the Company manages its value chain from material sourcing, to manufacturing, through post-installation asset management of its systems, and manufactures its own line of world-class solar modules and balance-of-system products. The Company designs, manufactures and delivers world-class photovoltaic solar systems to its residential, business, government and utility customers. For additional information, including a copy of our most recent investor presentation, please visit us at: [ www.solarpowerinc.net ].

Safe Harbor Statement:

This release contains certain aforward-looking statementsa 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 abelieves, expectsa or similar expressions. The forward-looking statements contained in this press release include statements regarding the Companya™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.