ROSEVILLE, CA and SANTA MONICA, CA -- (Marketwire) -- 01/19/12 -- 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 project was jointly developed by Pacific Edison, LLC and SPI. 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.
The SEF being designed by SPI will utilize a mix of rooftop and carport structures to host the onsite solar array. It is the second large-scale system that SPI and Pacific Edison have developed for BLT. In January 2011, SPI announced completion of a 398 kW system at BLT's Fremont, CA high-tech recycling and waste recovery facility. 'We are fortunate to enjoy a long-term working relationship with BLT Enterprises,' said Steve Kircher, CEO for SPI Solar. 'BLT is an innovative commercial development company and this will be the second large-scale distributed generation SEF we have designed and built for them. We look forward to having our systems integrated into more of their buildings in the future.'
'We are excited to team up with BLT Enterprises on another solar energy project,' said Dion Camp Sanders, CEO of Pacific Edison. 'This project will help Volkswagen to achieve its sustainability objectives and control energy costs at its new state-of-the-art technical center and emissions laboratory.'
'As traditionally sourced energy costs rise, it is becoming increasingly more important to offset them with thoughtful and sustainable energy platforms that can be deployed onsite and reduce long-term operation costs,' said Rob Solomon, Chief Development and Legal Officer for BLT Enterprises. 'It is also fundamental to Volkswagen's mission to operate the center in a manner that is consistent with its environmental mission. This solar energy facility helps to fulfill a major part of that mission.'
SPI expects to begin construction of the SEF in the first quarter of 2012.
About Pacific Edison, LLC:
Pacific Edison, LLC (PacEd) is the premier renewable energy project development and consulting firm serving sports and entertainment venues throughout North America. PacEd also delivers clean energy solutions to schools, hospitals, non-profits, and commercial and industrial energy users. PacEd enables clients to adopt onsite renewable energy and energy efficiency solutions with no upfront capital or operating risk. PacEd's range of project development and consulting services include conducting feasibility studies, arranging project financing, determining the most suitable renewable energy and energy efficiency solutions for each client's particular facilities, and negotiating contracts on behalf of clients with key counterparties, such as financiers, installers, and technology vendors. For more information, please visit us online at www.pacificedison.com.
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.
For additional information contact:
Dion Camp Sanders
Pacific Edison, LLC
Vice President Corporate Communications