SPI Announces Additions to Senior Management Team

SHANGHAI, March 3, 2015 /PRNewswire/ -- Solar Power, Inc. ("SPI") (OTCBB: SOPW), a vertically-integrated photovoltaic ("PV") project developer, today announced that it has expanded its senior management team with hires in three key organizational roles.

Mr. Xiaofeng Peng, Chairman of SPI, said, "As SPI continues to rapidly expand its global operations, we are constantly looking for top talent to help build out our senior management team. Consistent with our strategy of recruiting the best local executives in each of our markets, the three outstanding China-based senior hires announced today have strong experience in e-commerce and financial leasing, which will help drive SPI's Solarbao.com online platform and related business initiatives in China."

Profiles of the new SPI senior management hires:

• Mr. Xiaofeng Lin joins SPI as Chief Marketing Officer. Prior to joining SPI, Mr. Lin served as senior vice president at LeShi Holding, a leading internet video service company. Prior to that, Mr. Lin served as marketing director at Vancl, a leading Chinese fashion brand and e-retailer.
• Mr. Jianpin Cheng joins SPI as Vice President and is stationed in Beijing. Mr. Cheng is responsible for overseeing SPI's online investment and e-commerce business. Mr. Cheng brings a rich set of experience and professional expertise to SPI's Solarbao.com online platform initiatives. Prior to joining SPI, Mr. Cheng was chief executive officer of TradeTang Ecommerce Co., an online China wholesale marketplace, and DongFangJiaYuan e-Commerce Co., a business-to-business online platform for construction materials. Earlier in his career, Mr. Cheng was a senior economist at Ministry of Agriculture of the PRC.
• Mr. Minghua Zhao joins SPI as Vice President and is stationed in Suzhou, Jiangsu Province.
  Mr. Zhao is responsible for overseeing SPI's financial leasing business in China. Mr. Zhao previously served as chairman of the Suzhou Industrial Park Chengcheng Enterprises Guarantee Co., Ltd., a financial services company, and as president of Suzhou Industrial Park Branch of Suzhou Bank.

About Solar Power, Inc. (OTCBB:SOPW)

Solar Power, Inc. ("SPI" or the "Company") is a global leader in enabling photovoltaic ("PV") solutions for business, residential, government and utility customers and investors. SPI focuses on the downstream PV market including the development, financing, installation, operation and sale of utility-scale and residential solar power projects in China, Japan, Europe and North America. The Company also operates an innovative online energy e-commerce and investment platform, www.solarbao.com, which enables individual and institutional investors to purchase innovative PV-based investment and other products. The Company has its operating headquarters in Shanghai and global operations in Asia, Europe and North America.

For additional information visit: www.spisolar.com or www.solarbao.com.

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of SPI, its subsidiaries and the solar industry, which can be identified by the use of forward-looking terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "expects" or similar expressions. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Among other things, the quotations from management in this press release contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including uncertainties regarding whether the transactions contemplated will be successfully completed. 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:
Amy Liu, Solar Power, Inc. (800) 548-8767

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