Solar Power Partners Announces National Expansion, New Executives and New Larger Headquarters

Solar Power Partners Announces National Expansion, New Executives and New Larger Headquarters

November 09, 2007

Power Purchase Agreements are the new standard fueling the rapid growth of the commercial solar energy market.

MILL VALLEY, CA -- November 9, 2007 -- Solar Power Partners (SPP), a leader in distributed solar energy services for businesses and organizations throughout the United States today announced it is opening offices in Southern California and the Northeast and is moving its San Francisco Bay Area headquarters into larger 4,000 square foot offices. The company also announced it is adding to its management team and advancing two key executives within the company.

To address the rapidly expanding demands by businesses, institutions and municipalities for clean energy, Solar Power Partners welcomes new Vice President of Finance, Roger Lerrick (CPA), new Vice President of Regional Sales for expanding East Coast market, Dan Poore, new In-house Counsel, Joe Harn, Esq., and has promoted Hugh Kuhn to Vice President of Operations & Technology and Co-founder Alexander v. Welczeck to President & CEO. Former CEO, Craig Hunt, will remain active as Co-founder and Senior Advisor.

Solar Power Partners specializes in Power Purchase Agreements (PPAs), financial vehicles that relieve building and property owners from up front and maintenance costs of solar power. By building centrally managed Solar Energy Facilities customized to building owners' specific needs, SPP makes it easy for commercial properties to acquire clean renewable energy at more predictable and stable rates than those typically offered by the public utilities.

“Our expanded management team enhances our in-house expertise and our ability to address the fast-growing market for clean, renewable energy,” said SPP’s President and CEO, Alexander v. Welczeck. “With two new regional branch offices planned for the Northeast and Southern California, we will be able to even better address the unique local energy needs of private, public and non-profit properties.”

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