SOURCE: Pacific Edison

Pacific Edison

Pacific Edison

April 16, 2010 09:00 ET

Twentieth Century Fox Turns Up Star Power With New Solar System

Motion Picture Studio Selects Solar Power, Inc. and Pacific Edison to Develop and Implement a 158 kW Solar System

ROSEVILLE, CA and SANTA MONICA, CA--(Marketwire - April 16, 2010) -  Solar Power, Inc.  (OTCBB: SOPW) announced today that the Company has been selected by Twentieth Century Fox Film Corporation ("Fox") to install a 158 kW DC solar photovoltaic system at the Fox Studios Lot located in Century City, California. The project, which was jointly developed by Solar Power Inc. and Pacific Edison, LLC ("PacEd"), will utilize Solar Power, Inc.'s innovative SkyMount® commercial rooftop system which optimizes system electricity production and streamlines installation. The solar installation, which will be mounted on the roof of Fox's Building 99, is the second major investment in solar announced by Fox's parent company News Corporation this month, part of the company's Global Energy Initiative. 

Solar Power, Inc. won the contract after a competitive bid process administered by Fox's solar committee, which formed last year. Pacific Edison is working with Solar Power, Inc. to facilitate the project's development. The project could pave the way for more solar projects across the Fox Studio Lot in the future.

"We are very pleased to have been selected by Twentieth Century Fox to design and build a solar system to help them provide meaningful environmental benefits and begin to mitigate rising electricity costs," said Brad Ferrell, President of Business Development for Solar Power, Inc. "Our SkyMount® system is a perfect fit for their needs."

"This project is an important addition to Fox's ongoing sustainability initiative and we are very happy to be getting it started," said Hal Haenal, Senior Vice President of Fox Studios Operations. "This marks our first venture into on-site renewable energy and the teams at Solar Power, Inc. and Pacific Edison have helped to make the decision a very easy one for us." 

"We were able to help Twentieth Century Fox identify the proper solar energy solution for their needs," said Dion Camp-Sanders, CEO of Pacific Edison. "The Fox team was looking for a cost-effective and reliable solar system that would help them reduce their energy costs and carbon footprint." 

The solar project is scheduled to be completed this summer.

About Pacific Edison, LLC:
Pacific Edison, LLC (PacEd) is the premier renewable energy project development and consulting firm serving sports and entertainment venues throughout North America. PacEd also delivers green energy solutions to school districts, hospitals, non-profits, and commercial property owners. PacEd enables clients to adopt onsite renewable energy and energy efficiency solutions with no upfront capital or operating risk. PacEd's range of project development and consulting services include conducting feasibility studies, arranging project financing, determining the most suitable renewable energy and energy efficiency solutions for each client's particular facilities, and negotiating contracts on behalf of clients with key counterparties, such as financiers, installers, and technology vendors. For more information, please visit us online at www.pacificedison.com.

About Solar Power, Inc.:
Founded in 2005, Solar Power, Inc. is a vertically integrated solar developer; the Company manages its value chain from material sourcing, to manufacturing through post-installation asset management of its systems and manufactures its own line of world-class solar modules and balance-of-system products. The company designs, manufactures and delivers world-class photovoltaic solar systems to its residential, business, government and utility customers. For additional information visit: www.solarpowerinc.net

Safe Harbor Statement:
This release contains certain "forward-looking statements" 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 "believes, expects" 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.

Contact Information

  • For additional information contact:
    Dion Camp-Sanders
    Pacific Edison, LLC
    (310) 396-5843
    Email Contact

    Mike Anderson, VP Marketing
    Solar Power, Inc.
    (916) 745-0916
    Email Contact

    Brion Tanous
    CleanTech IR, Inc.
    (310) 541-6824
    Email Contact