Solar Power Inc. Enters Into 7-MW in Deals

Solar Power Inc. (SPI) has entered into two new agreements. The first, is an exclusive agreement with 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 (MW) of SPI modules with shipments commencing in June.

The second deal is a supply agreement with Bayer and Raach, a German solar installation company serving the residential and commercial market segments throughout Germany and Southern Europe. The 2-MW agreement calls for SPI to provide 1 MW of SPI’s 200-watt modules and 1 MW of modules with SPI’s proprietary SkyMount commercial mounting system. SkyMount is designed for minimal or non-penetrating commercial rooftop applications.

“We look forward to providing the Bayer and Raach team with our products. They have built a superb reputation on the quality of their installations throughout their market area. We are very pleased to have our products become an integral part of the systems they are building,” said Bradley Ferrell, president of SPI’s Commercial Sales Division. “This supply agreement further extends our penetration into the European market and adds incremental reach into the German market, which is currently one of the most significant markets for solar anywhere.”

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