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Solar Power, Inc. Enters Into Agreement with Australian Solar Developer

Solar Power, Inc. (“SPI”) (OTCBB:SOPW) announced today that it has entered into an exclusive agreement with the Australian solar developer Beyond Building Systems Pty Ltd. (“BBS”) for the purchase of SPI’s 170 – 220-watt solar modules. The agreement provides BBS with exclusive access to SPI’s highly rated panels for use throughout Australia. The two-year supply agreement calls for a minimum purchase of 5.7 megawatts of SPI modules with shipments commencing in June.

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Print June 19, 2009, 09:44 (CEST)
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Exclusive Two-Year Supply Agreement Calls for a Minimum of 5.7 Megawatts of Solar Power, Inc.’s Modules with Shipments to Begin Immediately

“We are very pleased to engage with Beyond Building Systems as a key supplier of solar modules for their projects as they work toward meeting the demands of the growing solar market throughout Australia,” said Bradley Ferrell, President of SPI’s commercial sales division. “Our relationship supports the significant growth objectives BBS has in order to meet the installation demands of Australia’s national Solar Neighborhoods program,” Mr. Ferrell concluded. The agreement with Beyond Building Systems marks SPI’s entry into the Australian photovoltaic solar market as the company continues to expand its international presence.

“Our company’s remains focused on deploying high-quality solar solutions into Australia’s growing solar market,” said Henrih Horthy, CEO of Beyond Building Systems. “Solar Power, Inc. and Beyond Building Systems share common core values and a commitment to high-quality products. These are key attributes we look for in a strategic relationship. We look forward to a long and successful relationship with the Solar Power, Inc. team.”

Beyond Building Systems is located in Byron Bay Australia. The company’s mission is to build affordable, high quality, energy efficient housing and infrastructure, fully equipped to meet the global challenges of an ecologically and economically sustainable future. Renewable energy has been featured as an integral part of the design of their new homes since the company’s inception. Beyond Building Systems operates across Australia and in the USA, Pacific Rim and Asia.

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