Solar Power, Inc. Contracted to Power Two Los Angeles Landmarks – STAPLES Center and NOKIA Theatre…

[OKIsItJustMe]

http://www.solarpowerinc.net/ViewPressRelease.aspx?PressReleaseID=31

Solar Power, Inc. Contracted to Power Two Los Angeles Landmarks – STAPLES Center and NOKIA Theatre L.A. LIVE

The world-famous venues go green with renewable PV solar power systems designed to reduce utility-sourced electricity and advance sustainable energy practices

Roseville, CA August 12, 2008—Solar Power, Inc. (“SPI”) (OTCBB: SOPW) has entered into a design build agreement with venue owner-operators AEG to design and install photovoltaic (“PV”) solar systems for two of the world’s best known sports and entertainment venues; STAPLES Center and NOKIA Theatre L.A. LIVE. STAPLES Center serves as home to the L.A. Lakers, L.A. Clippers, L.A. Kings, L.A. Avengers and the L.A. Sparks, as well as a full schedule of special events and concerts featuring the most popular artists performing today. NOKIA Theatre L.A. LIVE, which opened on October 18th, 2007 with six sold-out concerts featuring the Eagles and Dixie Chicks, is located directly across the street from the arena within the new L.A. LIVE sports, residential and entertainment district, and has already hosted the ESPY Awards, the American Music Awards and American Idol finals in addition to a full schedule of concerts, trade shows and special events. Both venues are well known for their state-of-the-art technology, features and amenities that allow them to offer their guests the ultimate in live entertainment and sports experiences.

In addition to providing turnkey PV solar system design and installation services for the two facilities, Solar Power, Inc. will be installing their own line of PV solar modules featuring premium cells manufactured by Motech Industries, Inc., known for their superior performance characteristics. When completed, the systems will deliver a combined 512 kilowatts of power, reducing the venues’ utility-sourced electricity requirements and advancing AEG’s sustainable energy practices.

Installation of the first system is scheduled to begin at the STAPLES Center in early October when the first of the 1,727 solar modules to power its new 345 kW PV solar system will be lifted 150 feet to the arena’s roof. When completed, approximately 24,196 square feet of STAPLES Center’s roof will be covered with SPI’s SP200 PV modules. The solar arrays will become integrated with the venue’s familiar, landmark “surfboard” rooftop feature bearing the STAPLES Center name. SPI’s system design will also feature SPI’s innovative SkyMount™ racking system.

The installation of the NOKIA Theatre L.A. LIVE’s 167 kilowatt system is scheduled to begin in October soon after installation of the STAPLES Center system is underway. The 7,100 seat NOKIA Theatre L.A. LIVE will be home to 836 SPI photovoltaic modules covering approximately 11,663 square feet of its roof.

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[kestrel91316]

1. This needs to be done on every large corporate roof in the world.

[ElectricGrid]

2. I think it will as solar costs get closer to grid parity.

companies are not affraid to spend money to save money but it has to make sense. Right now without heavy subsidies it doesn't make $$ sense for most corps.