SPI Receives 1.5-MW PV Module Order

Solar Power Inc. (SPI) has executed a second supply agreement with Bayer & Raach, a German solar installation company serving the residential and commercial market segments throughout Germany and Southern Europe.

The supply agreement calls for SPI to provide 1.5 megawatts (MW) of its 200-watt modules to meet initial-phase requirements for a 5-MW system Bayer & Raach is installing in Bavaria. The system will be built in phases over 2009 and 2010, ultimately calling for a total of 5 MW of SPI’s 200-watt modules which are top ranked for performance with the California Energy Commission.

“Bayer & Raach have placed orders with us in excess of 3 MW so far this year. We look forward to continuing to provide Bayer and Raach with our top performing modules and innovative racking products as they to pursue their business development activities throughout Germany and Southern Europe,” said Bradley Ferrell, president of SPI’s Commercial Sales Division.