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Roseville, CA, February 23, 2012—SPI Solar (“SPI”) (OTCBB: SOPW), a leading vertically integrated photovoltaic (“PV”) solar developer and engineering, procurement and construction (“EPC”) services provider, announced today that it has successfully completed the acquisition of the necessary contracts and permits to serve as developer of a 1 megawatt fixed-ground-mount solar energy facility (SEF) which will be located in Rhodope Perfecture, a North Eastern region of Greece. This is SPI’s third major solar development in Greece. In January 2012, SPI announced the second project, a 2 megawatt SEF which is also located in the Evros region. The first project, announced in August, was a 4.4 megawatt SEF located in the Evros region.
The Rhodope SEF will be a fixed-tilt ground-mount utility-scale facility, and the electricity generated by the Rhodope SEF will be purchased by the Greek Public Power Corporation (“PPC”) through a 20-year Power Purchase Agreement (PPA). SPI acquired a limited liability corporation to gain interest in, and become the developer of record for the Rodpoi project.

(New York, N.Y. – Feb. 23, 2012) The U.S. Environmental Protection Agency has reached a legal agreement with the Battery Recycling Company, Inc. requiring it to take multiple actions to reduce the spread of lead contamination from its Arecibo, Puerto Rico facility. As part of an ongoing investigation of the facility, the EPA identified violations of federal regulations governing the proper handling of hazardous materials. The agreement announced today requires the company to take immediate steps to address the environmental violations and prevent releases of lead and other pollutants from the site. The company will invest more than $3 million in facility upgrades and will undertake three environmental projects to benefit the community. The Battery Recycling Company has agreed, at this time, to pay a $112,500 penalty for alleged violations of the hazardous waste law.
Lead is a toxic metal that can have serious, long-term health consequences for adults and children. Even at low levels, lead can cause I.Q. deficiencies, reading and learning disabilities, impaired hearing, reduced attention spans, hyperactivity and other behavioral problems in children.