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SPI Announces Partnership Agreement with Sacramento Kings

SPI to install rooftop solar PV system on the Kings' Entertainment and Sports Center; Enters into long-term marketing agreement with the Kings

PR Newswire
SHANGHAI

SHANGHA, March 18, 2015 /PRNewswire/ -- Solar Power, Inc. ("SPI") (OTCBB:SOPW), a vertically-integrated photovoltaic ("PV") project developer, today announced that it will partner with the Sacramento Kings to bring solar power to the Kings' Entertainment and Sports Center (ESC), located in downtown Sacramento.

As part of the agreement, SPI will install a rooftop solar PV system on the ESC and is in discussion for future projects targeting 15 megawatts (MW) per year. The partnership also includes a twelve-year sponsorship agreement which will leverage the Kings' marketing resources to provide branding and marketing support to Solarbao, SPI's online investment platform, as well as to support SPI's marketing activities around the globe.

"We are delighted to announce this partnership between SPI and the Sacramento Kings, a leader in innovation and sustainability initiatives," said Xiaofeng Peng, Chairman of SPI. "By providing a state-of-the-art solar PV solution to be installed on the Kings' new Entertainment and Sports Complex in downtown Sacramento, SPI will help the Kings achieve their goal to establish 'one of the greenest buildings in America'. We are also excited to enter into this long-term marketing cooperation agreement with the Kings which will allow us to leverage their extensive resources to promote our online investment platform,Solarbao.com, and strengthen SPI's profile as a leading provider of PV solutions in the important US market and globally."

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 Announces Partnership Agreement with Sacramento Kings

SPI to install rooftop solar PV system on the Kings' Entertainment and Sports Center; Enters into long-term marketing agreement with the Kings

PR Newswire

SHANGHA, March 18, 2015

SHANGHA, March 18, 2015 /PRNewswire/ -- Solar Power, Inc.  ("SPI") (OTCBB:SOPW), a vertically-integrated photovoltaic ("PV") project developer, today announced that it will partner with the Sacramento Kings to bring solar power to the Kings' Entertainment and Sports Center (ESC), located in downtown Sacramento.  

As part of the agreement, SPI will install a rooftop solar PV system on the ESC and is in discussion for future projects targeting 15 megawatts (MW) per year. The partnership also includes a twelve-year sponsorship agreement which will leverage the Kings' marketing resources to provide branding and marketing support to Solarbao, SPI's online investment platform, as well as to support SPI's marketing activities around the globe. 

"We are delighted to announce this partnership between SPI and the Sacramento Kings, a leader in innovation and sustainability initiatives," said Xiaofeng Peng, Chairman of SPI. "By providing a state-of-the-art solar PV solution to be installed on the Kings' new Entertainment and Sports Complex in downtown Sacramento, SPI will help the Kings achieve their goal to establish 'one of the greenest buildings in America'. We are also excited to enter into this long-term marketing cooperation agreement with the Kings which will allow us to leverage their extensive resources to promote our online investment platform,Solarbao.com, and strengthen SPI's profile as a leading provider of PV solutions in the important US market and globally."

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