Solar Power, Inc. has completed its first sale to a prominent German solar integrator of its photovoltaic solar modules for use in the integrator’s Germany-based installation projects. An initial supply of SPI’s 200-watt panels was shipped to the integrator at the end of December 2008. The transaction follows IEC certification in early December 2008 of SPI’s family of solar modules by VDE laboratories located in Main, Germany. The IEC certification, similar to a UL listing in the United States, affirms the solar modules’ quality and performance characteristics for use in Europe for commercial and residential applications.
“This arrangement is further validation of SPI’s global sales and marketing strategy,” said Bradley Ferrell, President of SPI’s commercial sales division. “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.”
SPI made significant strides in 2008 pursuing its international sales strategy with sales of its modules into Asia. Moreover, U.S. commercial sales of its turnkey systems were robust and included high-profile commercial projects such as the STAPLES Center and Nokia Theatre Live in Los Angeles. In September 2008, SPI was named the Sacramento, California region’s fastest growing company by the Sacramento Business Journal.