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    SPI Signs 20 Megawatts EPC Agreement with Inner Mongolia's Jingzhaolai PV Power Co., Ltd.

    SHANGHAI, March 23, 2015 /PRNewswire/ -- Solar Power, Inc. ("SPI") (OTCBB:SOPW), a vertically-integrated photovoltaic ("PV") project developer, today announced that its wholly owned subsidiary, SPI Solar Power Engineering (Suzhou) Co., Ltd., has signed an agreement with Jingzhaolai PV Power Co., Ltd. of Inner Mongolia to provide engineering, procurement and development (EPC) services for its 20 megawatt (MW) utility-scale PV project located in Liangcheng County, Ulanqab, Inner Mongolia.

    Construction of the project is expected to begin in April 2015 with grid connection anticipated in June 2015.

    Today's announcement comes as China's National Energy Administration (NEA) recently upwardly revised China's PV installation target for 2015 by approximately 20% to 17.8 gigawatts (GW) of new capacity from its previous 2015 target of 15 GW.

    "This agreement strengthens SPI's market position in Inner Mongolia, a fast growing PV market with substantial solar development potential," said Xiaofeng Peng, Chairman of SPI. "The Chinese government continues to demonstrate its unwavering commitment to solar energy, recently increasing China's PV installation target for 2015 from 15 gigawatts to 17.8 gigawatts of new capacity. As a leader in China's downstream solar market, we are confident that SPI will benefit significantly from these positive macro trends."

    About Solar Power, Inc. (OTCBB:SOPW)

    Solar Power, Inc. ("SPI" or the "Company") is a global leader in enabling photovoltaic ("PV") solutions for business, residential, government and utility customers and investors. SPI focuses on the downstream PV market including the development, financing, installation, operation and sale of utility-scale and residential solar power projects in China, Japan, Europe and North America. The Company also operates an innovative online energy e-commerce and investment platform, www.solarbao.com, which enables individual and institutional investors to purchase innovative PV-based investment and other products. The Company has its operating headquarters in Shanghai and global operations in Asia, Europe and North America.

    For additional information visit: www.spisolar.com or www.solarbao.com.

    Safe Harbor Statement

    This release contains certain "forward-looking statements" relating to the business of SPI, its subsidiaries and the solar industry, which can be identified by the use of forward-looking terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "expects" or similar expressions. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Among other things, the quotations from management in this press release contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including uncertainties regarding whether the transactions contemplated will be successfully completed. 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.

    Contact:

    Amy Liu, Solar Power, Inc. (800) 548-8767

    SOURCE Solar Power, Inc.

    SOURCE: Solar Power, Inc.

    SPI Signs 20 Megawatts EPC Agreement with Inner Mongolia's Jingzhaolai PV Power Co., Ltd.

    PR Newswire

    SHANGHAI, March 23, 2015

    SHANGHAI, March 23, 2015 /PRNewswire/ -- Solar Power, Inc. ("SPI") (OTCBB:SOPW), a vertically-integrated photovoltaic ("PV") project developer, today announced that its wholly owned subsidiary, SPI Solar Power Engineering (Suzhou) Co., Ltd., has signed an agreement with Jingzhaolai PV Power Co., Ltd. of Inner Mongolia to provide engineering, procurement and development (EPC) services for its 20 megawatt (MW) utility-scale PV project located in Liangcheng County, Ulanqab, Inner Mongolia.

    Construction of the project is expected to begin in April 2015 with grid connection anticipated in June 2015.

    Today's announcement comes as China's National Energy Administration (NEA) recently upwardly revised China's PV installation target for 2015 by approximately 20% to 17.8 gigawatts (GW) of new capacity from its previous 2015 target of 15 GW.

    "This agreement strengthens SPI's market position in Inner Mongolia, a fast growing PV market with substantial solar development potential," said Xiaofeng Peng, Chairman of SPI. "The Chinese government continues to demonstrate its unwavering commitment to solar energy, recently increasing China's PV installation target for 2015 from 15 gigawatts to 17.8 gigawatts of new capacity. As a leader in China's downstream solar market, we are confident that SPI will benefit significantly from these positive macro trends."

    About Solar Power, Inc. (OTCBB:SOPW)

    Solar Power, Inc. ("SPI" or the "Company") is a global leader in enabling photovoltaic ("PV") solutions for business, residential, government and utility customers and investors. SPI focuses on the downstream PV market including the development, financing, installation, operation and sale of utility-scale and residential solar power projects in China, Japan, Europe and North America. The Company also operates an innovative online energy e-commerce and investment platform, www.solarbao.com, which enables individual and institutional investors to purchase innovative PV-based investment and other products. The Company has its operating headquarters in Shanghai and global operations in Asia, Europe and North America.

    For additional information visit: www.spisolar.com or www.solarbao.com.

    Safe Harbor Statement

    This release contains certain "forward-looking statements" relating to the business of SPI, its subsidiaries and the solar industry, which can be identified by the use of forward-looking terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "expects" or similar expressions. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Among other things, the quotations from management in this press release contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including uncertainties regarding whether the transactions contemplated will be successfully completed. 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.

    Contact:

    Amy Liu, Solar Power, Inc. (800) 548-8767

    SOURCE Solar Power, Inc.

    Web Site: http://www.solarbao.com/