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Solar Power, Inc. Selected to Power Marshall Medical Center

Posted on: Wednesday, 6 August 2008, 06:00 CDT

Solar Power, Inc. ("SPI") (OTCBB:SOPW) has entered into an agreement with Solar Power Partners, Inc. ("SPP") to install a photovoltaic ("PV") solar system to power the Marshall Medical Center ("MMC") campus located in Cameron Park, California. MMC is converting their campus to PV solar power for both environmental and economic reasons.

The system will serve Marshall's many outpatient services located at 3581 Palmer Drive in Cameron Park and will feature an array of solar panels mounted atop elevated solar structures. The system will be comprised of 3,370 solar modules and provide 669 kilowatts of electricity. In addition, the elevated solar structures will provide shade and weather protection for 200 cars.

"The Marshall Medical Center project is significant to our region," said Steve Kircher, CEO of Solar Power, Inc. "Marshall's facility serves a very large portion of the community and their conversion to solar power is significant. The environmental benefits of a system of this size, coupled with the cost savings the system will deliver to their operations, demonstrate the increasingly important role energy management is playing in every aspect of our lives."

"Converting to solar is something I feel very strongly about," said James Whipple, CEO for Marshall Medical Center. "While we will reap financial benefit from doing so, I believe a greater good is also being served. Through our ability to become more self reliant with solar, we are also significantly reducing our carbon footprint. We have dedicated our lives to healing and view this as an important part of both our mission and our legacy."

Solar Power Partners, Inc. of Mill Valley, CA is providing the financing for the installation of the solar facility. SPP is a provider of Power Purchase Agreements ("PPA") for the commercial, institutional municipal and agricultural markets in California. "We are committed to serving the energy needs of clients like Marshall Medical by providing reliable, long-term financing for renewable solar energy projects through development partners like Solar Power, Inc.," said Alexander V. Welczeck, SPP's Co-Founder and CEO. The company's PPA solutions allow customers to enjoy the benefits of solar energy while avoiding the capital outlay associated with system and installation costs.

About Solar Power, Inc.:

Founded in 2005, Solar Power, Inc. is a vertically integrated solar energy solution provider offering the North American residential, commercial and public sector building markets a complete solution through a single brand. Solar Power, Inc. provides turnkey design-build solutions through its Roseville, California headquarters and a growing retail distribution network.

About Marshall Medical Center

Marshall Medical Center is an independent, nonprofit community healthcare provider located in the heart of the Sierra Foothills between Sacramento and South Lake Tahoe. Their locations include Marshall Hospital, a fully accredited acute care facility with 105 beds located in Placerville; several outpatient facilities in Cameron Park, El Dorado Hills, Placerville and Georgetown; and many community health and education programs. Marshall has over 160 board-certified physicians and a team of over 1,200 employees providing quality healthcare services to more than 150,000 residents of El Dorado County.

About Solar Power Partners

Solar Power Partners, Inc. is a California-based renewable energy company that helps businesses, institutions, municipalities and agricultural customers embrace solar energy. SPP develops and operates distributed solar energy facilities and sells solar-generated electricity through Power Purchase Agreements, long-term energy financing solutions that help customers go green without the hassles or costs of solar facility ownership and maintenance. SPP serves the continental United States and Hawaii and teams with the nation's best solar integrators for customized, renewable energy installations.

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.

Source: Business Wire

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