Press

Solar Power, Inc. and AEG Commemorate Solar Systems to power STAPLES Center and Nokia Theatre L.A. LIVE - Governor Schwarzenegger Presides Over STAPLES Center Rooftop Ceremony

Oct 28, 2008
<h1 align=&#34;center&#34;>The world-famous Los Angeles venues celebrate new PV solar power systems designed to reduce utility-sourced electricity and advance environmental and sustainable energy practices</h1> <p>October 28, 2008</p> <p>Solar Power, Inc. (&#34;SPI&#34;) (OTCBB: SOPW) and AEG today announced the completion of the installation of new photovoltaic (PV) solar electric systems to provide solar power to STAPLES Center and Nokia Theatre L.A. LIVE, two of the world's best known sports and entertainment venues. California Governor Arnold Schwarzenegger presided over a ceremony held atop STAPLES Center's roof along the arena's newest architectural feature, a solar array utilizing 1,727 solar panels. The Governor locked the final solar panel in place signifying the conclusion of the installation of the rooftop array and a continuation of California's programs promoting the adoption of renewable energy across the state. </p> <p>&#34;I applaud AEG's commitment to renewable energy, and I am thrilled to be installing the last solar panel on the STAPLES Center's rooftop,&#34; Governor Schwarzenegger said. &#34;It is efforts like these that will help us meet our environmental and renewable energy goals while also generating green jobs.&#34; </p> <p>&#34;We are very excited to have been chosen for this project.&#34; said Steve Kircher, CEO of Solar Power, Inc. &#34;We could not be happier with the outcome. The project has been right on schedule and I'm very pleased with our new SkyMount&#8482; mounting system and how quickly it enables us to install very large commercial arrays like we have here. This is not only a good day for Solar Power, Inc.; it is a good day for our industry. It clearly indicates the mainstream acceptance of solar power as a principal energy source as more people become aware of its many benefits.&#34; Kircher concluded.</p> <p>In addition to providing electricity for both venues, the systems will provide significant environmental benefits and serve as an extension of AEG's environmental and sustainable energy initiatives. The 345.6 kilowatt system associated with the STAPLES Center will provide significant environmental offsets over the next 25 years. These benefits include the elimination of over 10,000 tons of CO2, more than 27 tons of sulfur dioxide and over 33 tons of nitrous oxide, one of the principal greenhouse gasses. The net clean energy benefits of the system equates to the environmental benefits of 170 acres of mature trees.</p> <p>&#34;Today's installation is another example of AEG's commitment to investing in energy saving technologies and measures for all of our venues worldwide,&#34; said Timothy J. Leiweke, President &amp; CEO of AEG, owners and operators of STAPLES Center and Nokia Theatre L.A. LIVE. &#34;Setting new standards and our continued development and adaption of new sustainability policies are obligations we take very seriously on behalf of our employees, partners and guests.&#34;</p> <p>&#34;It is important to us that every person that visits or performs in STAPLES Center and Nokia Theatre L.A. LIVE knows that they are entering a facility whose management is committed to setting an example and new standards for energy conservation and sustainability,&#34; said Lee Zeidman, General Manager of STAPLES Center and Nokia Theatre L.A. LIVE. &#34;We take very seriously our obligation to take the lead in the introduction of these measures in our City and to lead the way in setting sustainability as a standard for live entertainment.&#34;</p> <p>About Solar Power, Inc.: Founded in 2005, Solar Power, Inc. is a vertically integrated solar energy solution provider offering the North American residential, commercial and public sector building markets a complete solution through a single brand. Solar Power, Inc. provides turnkey design-build solutions through its Roseville, California headquarters. Yes! Solar, Inc., DBA Yes! Solar Solutions, is a wholly owned subsidiary of Solar Power, Inc. Yes! Solar Solutions offers the U.S. residential and medium to small-sized business market segments turnkey solutions through a single brand. The Yes! Web site can be visited at www.yessolarsolutions.com. About AEG: AEG, a wholly owned subsidiary of the Anschutz Company, is the world's largest investor and operators of entertainment and sports facilities including southern California-based venues such as STAPLES Center, Nokia Theatre LA. LIVE, The Home Depot Center, Citizens Business Bank Arena and The El Rey Theatre along with over 80 additional facilities worldwide. The organization owns or controls twelve sports franchises and is the world's largest presenter of live sports and entertainment events. With over 15,000 employees worldwide, AEG is currently developing sports, residential and entertainment districts such as L.A. LIVE, London's O2 and adjacent to The O2 World Arena in Berlin. Safe Harbor Statement: This release contains certain &#34;forward-looking statements&#34; relating to the business of Solar Power, Inc., its subsidiaries and the solar industry, which can be identified by the use of forward looking terminology such as &#34;believes, expects&#34; or similar expressions. The forward looking statements contained in this press release include statements regarding the Company's ability to execute its growth plan and meet revenue and sales estimates, enter into formal long-term supply agreements, and market acceptance of products and services. These statements involve known and unknown risks and uncertainties, including, but are not limited to, general business conditions, managing growth, and political and other business risk. 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.</p> <h1>For additional information contact: </h1> <blockquote> <p>Solar Power, Inc.: <strong>Mike Anderson</strong>, Vice President Marketing Solar Power, Inc. (916) 745-0916 . <a href=&#34;mailto:[email protected]&#34;>[email protected] </a><br /> <strong>Ted Haberfield</strong>, Executive VP Solar HC International, Inc (760) 755-2716 <a href=&#34;mailto:[email protected]&#34;>[email protected] </a><br /> AEG: <strong>Michael Roth</strong>, VP Communications AEG 213-742-7155 <a href=&#34;mailto:[email protected]&#34;>[email protected]</a><br /> <strong>Cara Vanderhook</strong>, Sr. Mgr. Communications STAPLES Center &amp; Nokia Theatre L.A. LIVE 213-742-7273 <a href=&#34;mailto:[email protected]&#34;>[email protected] </a></p> </blockquote> <p></p> <blockquote>&nbsp;</blockquote>
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