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    SPI Signs Strategic Cooperation Agreements with China Minsheng Bank, China Construction Bank and Suzhou Bank

    SHANGHAI, March 5, 2015 /PRNewswire/ -- Solar Power, Inc. ("SPI" or the "Company") (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV") project developer, today announced that it has signed strategic cooperation agreements with China Minsheng Bank Co., Ltd. (Suzhou Branch) ("Minsheng Bank"), China Construction Bank Co., Ltd. (Suzhou Branch) ("CCB") and Suzhou Bank Co., Ltd. ("Suzhou Bank").

    Under the agreements, Minsheng Bank, CCB and Suzhou Bank will provide credit lines of RMB7 billion, RMB2 billion and RMB1 billion, respectively, to support SPI's project financing, re-financing, as well as financing for M&A projects and other general funding needs.

    Xiaofeng Peng, Chairman of SPI, said, "As a global company, we are delighted to announce these strategic partnerships with three of China's strongest banks. Gaining the support of these three banks, usually reserved for China's state owned enterprises, gives SPI the ability to execute on our strategic plan to an even larger scale and positions us to greater long-term value for our shareholders."

    Each of the banks also agreed to provide general banking services in support of SPI's daily operations.

    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 Strategic Cooperation Agreements with China Minsheng Bank, China Construction Bank and Suzhou Bank

    PR Newswire

    SHANGHAI, March 5, 2015

    SHANGHAI, March 5, 2015 /PRNewswire/ -- Solar Power, Inc. ("SPI" or the "Company") (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV") project developer, today announced that it has signed strategic cooperation agreements with China Minsheng Bank Co., Ltd. (Suzhou Branch) ("Minsheng Bank"), China Construction Bank Co., Ltd. (Suzhou Branch) ("CCB") and Suzhou Bank Co., Ltd. ("Suzhou Bank").

    Under the agreements, Minsheng Bank, CCB and Suzhou Bank will provide credit lines of RMB7 billion, RMB2 billion and RMB1 billion, respectively, to support SPI's project financing, re-financing, as well as financing for M&A projects and other general funding needs.

    Xiaofeng Peng, Chairman of SPI, said, "As a global company, we are delighted to announce these strategic partnerships with three of China's strongest banks. Gaining the support of these three banks, usually reserved for China's state owned enterprises, gives SPI the ability to execute on our strategic plan to an even larger scale and positions us to greater long-term value for our shareholders."

    Each of the banks also agreed to provide general banking services in support of SPI's daily operations.

    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