
An announcement has been made that Solar Power will be executing a second supply agreement with German company Bayer and Raach, which serves the residential and commercial market segments in Germany and Southern Europe. Under the agreement, Solar Power will provide 1.5 MW of SPI's 200-watt modules to help meet initial-phase requirements for a 5-megawatt system being installed in Bavaria by Bayer and Raach. The construction of the project will take place in phases over the span of 2009 and 2010, and this will call for a total of 5 megawatts from SPI's 200-watt modules.
Bradley Ferrell, President of SPI's Commercial Sales Division said, "Bayer and Raach have placed orders with us in excess of 3 megawatts so far this year. We look forward to continuing to provide Bayer and Raach with our top performing modules and innovative racking products as they pursue their business development activities throughout Germany and Southern Europe. This agreement further validates our international business development strategy as we continue to build other relationships with strategic clients similar to Bayer and Raach."
The planning and installation of photovoltaic systems and renewable energy consulting are the primary engagements of Bayer and Raach. The location of the German company is ideal for selling SPI's products throughout European market area, serving Germany, Italy, the Czech Republic and Slovenia. Solar Power is in continuous advancement of its sales internationally, selling its top performing modules and proprietary commercial systems = solar canopies SkyMount and Peaq.