Solar Energy Initiatives Secures Land to Build 100 MW Solar Project in California

November 10, 2009 – Vol.14 No.34

Solar Energy Initiatives Secures Land to Build 100 MW Solar Project in California.

Solar Energy Initiatives has announced that the Company’s wholly owned subsidiary, Solar Park Initiatives, has signed a contract securing land for the design, construction and operation of a solar park in California. Solar Park Initiatives will be responsible for providing engineering, permitting, construction, operations and maintenance as well as obtaining the financing of the solar park. Solar Energy Initiatives will procure the solar panels and balance of system for the project.

Solar Park Initiatives will begin preliminary work, including zoning, permitting, EPA approvals and other activities immediately with construction estimated to begin in late 2010. The contract possesses a 25 year life with additional renewal options. The 100 megawatt project will be constructed in various increments over a three year time frame.

The project will join a previously announced solar park in Western Texas to give Solar Energy Initiatives and Solar Park Initiatives a combined 400 megawatts worth of projects that will begin in the next eighteen months.

Solar Energy Initiatives is executing its “RENEW THE NATION” campaign, intended to promote job growth nationwide via an aggressive grass roots effort. The campaign 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; placing solar systems on large commercial buildings and selling the energy output to the owner/occupant(s); and becoming a developer of solar parks bringing together landowners, utilities to build large photovoltaic installations. RENEW THE NATION will be working with companies in the construction industry and related trades affected by the economic downturn to re-train and re-deploy their workforce, allowing this important national asset to meet the needs of the solar energy industry. (11/9/09)

Links:

Solar Energy Initiatives
http://www.SolarEnergy.com

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No