Solar Park Initiatives, Inc. Signs Letter of Intent to Build California Solar Park

PONTE VEDRA BEACH, FL--(Marketwire - September 27, 2010) -  Solar Park Initiatives, Inc. (OTCBB: SOPV), a Florida-based solar energy company dedicated to utility and commercial solar park developments in North America, announced that it has signed a Letter of Intent to develop a solar park in California.

Solar Park Initiatives, Inc. has signed a Letter of Intent with the host landowner securing 285 acres of land for the design, construction and operation of a 20Mw solar park under a Power Purchase Agreement with a local utility company. It is anticipated that the project will generate up to $70 million in revenue.

David Surette, CEO of Solar Park Initiatives, stated, "Solar Park Initiatives continues to search for good opportunities in the solar sector and develop land for its optimal use and value. This is one opportunity we anticipate completing, keeping investors abreast of our milestones."