Roseville, CA, June 20, 2011— SPI Solar (“SPI”) (OTCBB: SOPW) a leading developer of photovoltaic (“PV”) solar energy facilities (“SEF”), today announced that it has entered into an engineering, procurement and construction (“EPC”) contract to serve as EPC contractor for a 1.69MW DC photovoltaic solar project in New Jersey. The system will be a roof-mounted distributed generation system for on-site power consumption. The project will be owned and operated by NuGen Capital Management, LLC (“NuGen”), through a NuGen wholly owned subsidiary.
The SEF being built by SPI will be connected to 5 independent meters serving tenants at the complex owned by North Jersey Development Group, Inc. Most recently, SPI worked with NuGen on the 5-megawatt White Rose Foods project currently under construction in New Jersey. “We are very happy to have been selected once again by NuGen for this project,” said Steve Kircher, CEO of SPI. “The project fits nicely within our strategy to further establish our presence in the northeastern US.”