Solar Power, Inc (SOPW-USOPW-U) Sells Its First Solar Module To German Company

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09:23:00 am on January 8, 2009

The order, placed by an undisclosed German solar integrator, was for 200 MW worth of solar panels. Solar Power, Inc, recently received IEC certification for its products, and the company expects the certification to create increased demand for its products, particularly in Europe.

Bradley Ferrell, president of SPI’s commercial sales division, commented on the sale:

“Our recent IEC certification and this transaction mark what we believe to be the beginning of important new opportunities for SPI in European markets. Germany is the largest market in the world for solar and we view these two events as major milestones for our company. Through continuous leveraging of our China-based manufacturing operation, which produces high-quality, competitively priced solar modules and balance-of-system components, SPI is strategically positioned to continue to further penetrate new markets and build global market share.”

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