Solar Energy Initiatives, Inc. Announces Second $4 Million Solar Project in Southeastern U.S.
Jan 15th, 2010 | By Editor | Category: Latest HeadlinesPONTE VEDRA BEACH, Fla.–(BUSINESS WIRE)–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 signing of a second Contract to initiate a $4 million turn-key solar project and supply management services to a public school in the southeastern U.S. Installation of this approximately 1 megawatt project is expected to begin immediately with completion scheduled for early spring 2010.
Solar Energy Initiatives will serve as the developer of the project and will provide all of the solar equipment and balance of system to the commercial site. In addition to product sales and services, the Company will also receive revenue from the management of the sale of the newly generated solar electricity to the school system’s utility, over a 20-year contract period. SNRY plans to partner with a major funding source, as well as a recognized solar installer, to launch the solar system at no “out of pocket” expense to the school district.
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