SPG Solar FloatovoltaicsR Goes Beyond Renewable Energy, Delivering A Solution for Water Conservation

Novato, CA-April 20, 2011-SPG Solar Inc.R, the company that introduced the world's first operational floating solar array in 2007, today announced the availability of it's next generation in floating solar technology.

Redesigned and engineered to be cost competitive, SPG Solar FloatovoltaicsT makes it possible for commercial, industrial and government users with little available rooftop or land space to float solar on water, providing triple benefits: energy savings, water savings and environmental benefits.
Using proven and cost effective floating technology, fresh water irrigation ponds, lakes, or reservoirs become revenue-generating, power producing platforms.

"Floatovoltaics has changed the way solar power is now considered, making it an option where never before possible," said SPG Solar CEO and President Chris Robine." "Now, customers around the world can install a floating system that is priced competitively to ground based, single -axis tracking solar systems."

When available open space is limited, Floatovoltaics provides a water-based solution. Where water is at a premium, the system offers significant conservation benefits:

. Reduces water evaporation up to 70%,
. Improves water quality by providing coverage from the sun that
minimizes algae growth and reduces the need for harsh water treatment chemicals, and
. Provides shade below the panels, lowering the water temperature and
improving power output from the solar panels.

The Floatovoltaics power generating system works the same way as in all other solar photovoltaic (PV) installations. It is quality engineered for a system lifetime of 20+ years, features no moving parts and requires limited maintenance.

Floatovoltaics technology is anticipated to be particularly valuable for agribusinesses, water agencies, wastewater treatment facilities, and utilities; among other applications.

About SPG Solar
SPG Solar is a leading developer of distributed solar projects for large commercial, government and public energy users. Located in Novato, California, SPG Solar has been providing unique solar solutions to its customers for nearly a decade. In addition to its expertise in designing and building solar power systems, SPG Solar offers proprietary products such as the TTi SunSeekerT single axis tracker and FloatovoltaicsT, the world's first floating solar system. SPG Solar's Structured Finance Group offers a full array of financial resources and expertise on financing solar projects.
SPG Solar currently manages more than 1,500 solar system installations in Arizona, California, Florida, New Jersey and Oregon. For more information on SPG Solar and distributed solar power, please visit www.spgsolar.com.