September 24, 2009 (FinancialWire) — Solar Power, Inc. (OTCBB: SOPW) said it has entered into definitive agreements with institutional and accredited investors with respect to a private placement with gross proceeds of around $12 million. Deutsche Bank (NYSE: DB) served as sole placement agent.

The company plans to use the net proceeds from this financing for general corporate purposes, including working capital.

for the transaction and WI Harper was the lead investor. WI Harper is a venture capital firm that invests in expansion stage companies with significant operations in Greater China.

Roseville, California-based Solar Power is a solar energy solution provider serving the North American commercial and public sector building markets. The company is also active in Europe, Asia and Australia, where it sells its products direct to distributors and turnkey solutions providers.

The company’s Yes! Solar, Inc. subsidiary provides the U.S. small- to mid-sized business and residential market segments with turnkey PV solar systems.

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