SPI Solar Subsidiary Announces Agreements for Sale and Transfer of 50 Megawatt Photovoltaic (PV) Project in Fenyi County, China and Proposed Construction of 21 Megawatt Project in Jiangxi Province, China

In addition, SPI Solar announced that Xinwei has entered into an engineering, procurement and construction ("EPC") agreement with Xinyu Zhongzhi Guoxiang New Energy Electric Power Investment Development Co., Ltd. for the construction of a separate 21 MW project in Jiangxi Province.

ROSEVILLE, Calif.--SPI Solar ("SPI") (SOPW:OTCBB), a vertically-integrated photovoltaic solar developer, today announced that its wholly-owned subsidiary, Xinyu Xinwei New Energy Co., Ltd. ("Xinwei"), has entered into two new PV project-related agreements. The first agreement calls for the sale and transfer of a 50 MW project in Fenyi County, China -- announced on July 2, 2014 -- which Xinwei would begin building and developing as one of the largest utility-scale PV projects in Jiangxi Province. This project has now been sold to Xinyu Zhongzhi Guoxiang New Energy Electric Power Investment Development Co., Ltd., and Xinwei will continue to build and develop the project toward completion as planned.


In addition, SPI Solar announced that Xinwei has entered into an engineering, procurement and construction ("EPC") agreement with Xinyu Zhongzhi Guoxiang New Energy Electric Power Investment Development Co., Ltd. for the construction of a separate 21 MW project in Jiangxi Province. The construction of this project under ownership by Xinyu Zhongzhi Guoxiang New Energy Electric Power Investment Development Co., Ltd. is expected to begin in the third quarter of 2014 with completion anticipated by the end of 2014. Together, these projects totaling 71 MW represent Xinwei's largest EPC contracts to date for solar projects in China.

"We are pleased to announce SPI's participation in these significant PV project developments," said Min Xiahou, Global Chief Executive Officer of SPI. "Coupled with our other recent initiatives in China, these agreements strengthen SPI's growing track record in providing world-class PV project development services to Chinese partners and customers."

Xiaofeng Peng, Chairman of SPI, added, "These agreements further underscore SPI Solar's belief that China will become one of the world's largest markets for solar PV projects. SPI Solar will continue to invest in enhancing its capabilities to deliver turnkey solutions for PV project development in China."

About Solar Power, Inc. (SOPW:OTCBB):

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. 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.

Featured Product

SolarEdge Technologies - EV Charging Single Phase Inverter

SolarEdge Technologies - EV Charging Single Phase Inverter

The SolarEdge PV inverter combines sophisticated digital control technology with efficient power SolarEdge's EV charging single phase inverter offers homeowners the ability to charge electric vehicles up to six times faster than a standard Level 1 charger through an innovative solar boost mode that utilizes grid and PV charging simultaneously. This product is the world's first EV charger with an integrated PV inverter. Reducing the hassle of installing separately a standalone EV charger and a PV inverter, the EV charging inverter eliminates the need for additional wiring, conduit and a breaker installation. By installing an EV charger that is integrated with an inverter, no additional dedicated circuit breaker is needed, saving space and ruling out a potential upgrade to the main distribution panel. Whether you own an EV now or just want to be EV-ready, future-proof your home with SolarEdge.