Greece Continues to Diversify into Solar Power Infrastucture
Roseville, CA, August 7, 2012â€” SPI Solar, a leading vertically integrated photovoltaic (â€œPVâ€) solar developer, announced today that it has completed construction and successfully interconnected two large-scale solar energy facility (â€œSEFâ€) projects in Greece. A 2-megawatt development in Evros and a 4.4-megawatt SEF in Orestiada were completed and interconnected by July 26th. Both systems are providing power to the Greek Public Power Corporation through 20-year Power Purchase Agreements. A one-megawatt SEF remains under construction in Rhodopi and is scheduled for completion by mid-September.
â€œThese are the first two large-scale SEFs we have completed in Greece, and they mark significant milestones for SPI,â€ said Stephen Kircher, CEO of SPI. As Greece continues to diversify its energy sources, we will continue to pursue additional projects across the country,â€ Mr. Kircher concluded.
SPI has entered into a Memorandum of Understanding (â€œMOUâ€) with the Taneo Fund to develop 23 megawatts of utility-scale SEFs across Greece; all of which are fully permitted and ready for construction. The MOU sets a goal for Taneo and SPI to potentially develop a total of 100 megawatts across Greece.
About SPI Solar (SOPW:OTCBB):
SPI Solar (â€œSPIâ€) (Solar Power, Inc.) is a vertically integrated photovoltaic solar developer offering its own brand of high-quality, low-cost distributed generation and utility-scale solar energy facility development services. Through the Companyâ€™s close relationship with LDK Solar, SPI extends the reach of itsenergy power systems, july 26th, megawatts, milestones
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