Solar Energy Initiatives Announces Completion of $4 Million Public School Installation
2010年1月6日 - 10:30PM
ビジネスワイヤ(英語)
Solar Energy Initiatives, Inc. (OTCBB:SNRY), executing on a
grass roots campaign, “RENEW THE NATION”, to help redeploy a
portion of the U.S. work force and focus on reducing the world’s
dependence on fossil fuels by selling solar thermal and
photovoltaic (PV) technologies, today announced the 800 kilowatt
project with the Canon City School District in Canon City, Colorado
has been completed and is scheduled for commissioning this
month.
Solar Energy Initiatives newly implemented solar energy solution
will provide energy cost savings to the school district from nearly
3,300 solar panels installed on ten buildings, while reducing
hazardous carbon dioxide emissions by 1,250 tons, annually. SNRY
partnered with a general contractor, funding source and a solar
installation company to install the solar system at no “out of
pocket” expense to the school district. SNRY completed the Power
Purchase Agreement, supplied the solar equipment and balance of
system for the school district project. Solar Energy Initiatives
will also generate revenue through the sale of the newly generated
solar energy to the school district over a 20-year contract
period.
“The completion of this municipal installation is additional
evidence that SNRY’s cost effective energy solutions can create new
jobs, decrease energy costs and reduce strain on the grid through
viable clean energy,” stated David Fann, Chief Executive Officer.
“Management intends to identify other school and municipal project
development opportunities to leverage this completed project with
other municipalities across the United States. The Company is
committed to finalizing new contracts from our $100 million
pipeline, increasing top-line revenue and overall earnings. We are
confident that Solar Energy Initiatives is well positioned for
significant growth in 2010 and beyond.”
About Solar Energy Initiatives, Inc.
Solar Energy Initiatives, Inc. (www.SolarEnergy.com) is
executing its “RENEW THE NATION” campaign, intended to promote job
growth nationwide via an aggressive grass roots effort. The main
focus of RENEW THE NATION is working with companies in the
construction industry and related trades affected by the economic
downturn to re-train and re-deploy their workforce into the solar
industry as dealers and technicians, allowing this important
national asset to meet the needs of the Solar Energy industry, the
fastest growing industry in the world. Solar Energy Initiatives is
executing on a multi-pronged approach to achieve its plan. This
includes: continuing development of one of the fastest growing
dealer networks in the U.S. that sells and installs solar solutions
to homeowners and commercial customers; solar education and
technical training to the private and public sectors and placing
solar systems on large commercial buildings and selling the energy
output to the owner/occupant(s) through Solar Power Purchase
Agreements (PPAs).
The Company’s dealer network of solar energy installers has
access to Canadian Solar (NASDAQ: CSIQ), BP Solar (NYSE:BP), GE
Solar (NYSE:GE) and Suntech (NYSE:STP) equipment via its
distribution agreements. While Solar Energy Initiatives is not a
solar franchise, and the Company does not compete directly with
industry giants such as First Solar (NASDAQ:FSLR), Kyocera
(NYSE:KYO), or Sanyo (OTC:SANYY), or as a system integrator, it
provides exciting and practical solutions to businesses and
individuals worldwide that understand the value of solar power.
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