(Source: Business Wire)

Solar
Power, Inc. ("SPI") (OTCBB:SOPW)
announced today that it will host a luncheon on Tuesday, November 10,
2009 from 11:00 AM to 1:45 PM in Sacramento, California to provide
industry analysts and investors with a corporate update presentation and
Q&A session with SPI CEO and Chairman, Mr. Stephen Kircher.
Additionally, an overview presentation on the Aerojet project will be
given by Mr. Eric Hafter, President of SPI's Commercial Construction
Division. At 3.5 megawatts, covering more than 20 acres of Aerojet land,
the system is one of the largest single-site industrial solar
installations in the United States.
Immediately following the luncheon, SPI and Aerojet will jointly host a
dedication ceremony and press conference at the site and unveil a
permanent monument and visitation center for the installation site. The
system is a major part of Aerojet's environmental and sustainability
initiative. "The Aerojet project, which has been one of the largest
system installations in the U.S. this year, is the foundation of our
growing portfolio of multi-megawatt projects," said Mr. Kircher. "More
importantly, the project has been successful for us and our client. Our
team has executed the project on time, on target and on budget. I
couldn't be more pleased with the results," Mr. Kircher concluded.
During its first year of use, SPI's Aerojet system is expected to offset
approximately 4,200 tons of carbon dioxide, 16.7 tons of sulfur dioxide,
and approximately 6.5 tons of nitrogen oxide that would have otherwise
been produced using fossil fuel power production. The first-year net
clean energy benefits equate to offsetting approximately 8,270,000
automobile miles driven or the clean air benefits realized from planting
976,520 trees. With a system life expectancy of 25 years, the cumulative
life-cycle environmental offsets for a system of this scope are
significant.
Analysts and prospective investors interested in attending the luncheon
and ceremony should contact Brion Tanous with CleanTech IR at (310)
541-6824.
About Solar Power, Inc.:
Founded in 2005, Solar
Power, Inc. is a vertically integrated solar energy solution
provider offering the North American commercial and public sector
building markets a complete solution through a single brand. Throughout
Europe, Asia and Australia the Company sells its products direct to
distributors and turnkey solutions providers. The Company's Yes!
Solar, Inc. subsidiary provides the U.S. small- to mid-sized business
and residential market segments with turnkey PV solar systems through a
growing dealer network. Solar Power, Inc. operates from its Roseville,
California headquarters.
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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