project administration agreement

SPI Solar (SPI) and KDC Solar agreed to jointly develop and own the Mountain Creek solar project in Vernon, New Jersey. The agreement, which also entails project administration requirements, enables both companies to move forward in completing the project, which calls for the design, development and build-out of multiple solar energy facilities at the Mountain Creek Resort. In addition, both companies have also agreed to execute a project administration agreement covering the performance of services for the Mountain Creek project by SPI.