Solar Power, Inc. (SOPW.OB) Closes Hardware Sale for More Than $20 Million
Solar Power, Inc., a solar energy solution provider, announced earlier this morning that a large Korean distributor/installer has contracted with them to provide 5 megawatts of the company’s SP200 solar modules. According to the product description, the company’s SP200 solar power system converts sunlight to electricity. When the sun shines on the solar modules of a system, it produces direct current electricity. This electricity is transmitted from the modules to an electronic inverter which converts the direct current electricity to alternating current. The alternating current is then transmitted to the home or building's distribution system to supply electric power as…