Solar Power Partners Places 19 New Solar Energy Facilities into Commercial Operation

SPP Fund II, LLC Brings Distributed Solar Systems Online and Firmly Establishes
Solar Power Partners (SPP) in the Rapidly Growing Commercial Solar Power
Purchase Agreements (PPA)Market

MILL VALLEY, Calif.--(Business Wire)--
Solar Power Partners, Inc. (SPP), a leading nationwide commercial developer of
distributed solar energy facilities (SEFs), today announced that it has placed
into service 19 new SEFs with a total capacity of 7.7 MW. This new capacity,
along with the 5.1 MW in SPP Fund I, firmly positions SPP as a top solar
developer in the United States. The projects will provide solar power to a
variety of customers, including several corporate clients, three universities,
two healthcare facilities, a water district, a wastewater treatment facility,
and a public school. The SEFs will produce enough clean renewable energy to
offset 8,723 metric tons of carbon annually.

The SEFs have been constructed by SPP Fund II, LLC, in which SPP will act as the
general partner and provide asset management services. Financing of the SEFs is
being provided by Bank of America in the form of a tax equity investment and
Energy Investors Funds through their United States Power Fund III, L.P.

SPP`s industry-leading project development, system design, construction
oversight, and exacting operations standards have helped ensure that the solar
energy facilities meet strict quality guidelines in order to provide predictable
power production over the 35-year expected life of the systems.

"SPP is a quality developer and asset manager in the commercial solar PPA
market, which is evidenced by this most recent placement of 19 SEFs," said Brian
Tracey, Bank of America Tax Credit Executive. "We are pleased to have the
opportunity to work with this company to expand the use of renewable solar
energy in the United States."

"SPP`s project finance and operational expertise is unique and unmatched in this
emerging distributed renewable energy marketplace, and management`s proven
ability to team with the best solar integrators to develop the highest quality
systems speaks to the strengths of their internal processes," said Jose
Torres-Monllor, Senior Vice President of Energy Investors Funds.

"I believe that Bank of America`s and EIF`s investment in our solar projects
demonstrates a commitment to long-term renewable solar energy and is a testament
to SPP`s abilities as a leader in the rapidly growing commercial solar PPA
marketplace," said Alexander v. Welczeck, SPP`s President and CEO. "Our work
with Bank of America and EIF, culminating in the closing of our second fund,
enables us to grow our markets and continue to exceed our customers`
expectations."

About Solar Power Partners (SPP)

Solar Power Partners, Inc. (SPP) is a California-based renewable energy company
that is leading the way in streamlining the adoption of clean solar energy by
businesses, institutions and municipalities throughout the United States.
Combining the financing strength of solar Power Purchase Agreements (PPAs) with
the expertise and best practices of top solar and building industry
professionals, SPP gives building owners a clear path to achieving energy
independence with lower electrical costs at predictable rates and without the
risks or costs of owning and maintaining solar facilities. For more information
visit www.solarpowerpartners.com.

About Energy Investors Funds (EIF)

EIF was founded in 1987 as the first private equity fund manager dedicated
exclusively to the independent power and electric utility industry. Its
consistent, proven investment strategy is to create geographically and
technologically diversified portfolios of electric power-related assets that
provide superior risk-adjusted equity returns with current cash flow and capital
appreciation. As an investment manager, EIF seeks to mitigate commodity risk
(fuel and electricity) by focusing primarily on acquiring power assets with
long-term off-take contracts. EIF has mobilized over $3.4 billion in capital and
currently manages four private equity funds from its offices in Boston, New
York, and San Francisco. EIF has made over 100 diversified investments with a
combined underlying asset value exceeding $7 billion. EIF controls 4,000 MW of
operating power assets with another 2,200 MW of power assets under development
or construction. For more information visit www.eif.com.

About Bank of America

Bank of America is one of the world's largest financial institutions, serving
individual consumers, small and middle market businesses and large corporations
with a full range of banking, investing, asset management and other financial
and risk-management products and services. The company provides unmatched
convenience in the United States, serving more than 59 million consumer and
small business relationships with more than 6,100 retail banking offices, more
than 18,000 ATMs and award-winning online banking with more than 25 million
active users. Bank of America offers industry leading support to more than 4
million small business owners through a suite of innovative, easy-to-use online
products and services. The company serves clients in more than 150 countries and
has relationships with 99 percent of the U.S. Fortune 500 companies and 83
percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC)
is a component of the Dow Jones Industrial Average and is listed on the New York
Stock Exchange. For more information visit www.bankofamerica.com.

Solar Power Partners
Sierra Fong, 415-877-1455
sfong@solarpowerpartners.com

Copyright Business Wire 2009