Earlier today, Blue Earth, a renewable energy and energy efficiency services company, told investors that its wholly owned subsidiary, Xnergy, signed a joint development agreement with Sunvalley Solar, Inc. (OTCQB: SSOLD) to construct six separate solar projects totaling approximately 1 megawatt of DC in California. Valued at roughly $4.2 million, the projects consist of six solar PV systems.
The company anticipates beginning the construction of these solar power systems in the third quarter, finishing up the projects by the first quarter of next year. Engineer, Procure and Construct ("EPC") agreements have been signed with the owners of the businesses for each of the respective construction sites. All of the customers have agreed to assign the 1603 Grant and Utility Incentives, including their own cash to pay for the solar PV systems, and all of the projects are 1603 Grant eligible.
"We are delighted about this opportunity to work with Sunvalley Solar as a joint developer of these solar PV projects and we look forward to continuing the relationship on future projects. Sunvalley Solar has a very strong sales team and we look forward to many successes together," commented D. Jason Davis, CEO of Xnergy, Inc.
James Zhang, CEO of Sunvalley Solar, added, "We are very excited to joint develop these projects with Blue Earth. As always, we strive to provide optimum solar solutions and highest quality to our clients in a timely manner."
To learn more about Xnergy, visit www.xnergy.com
To learn more about Sunvalley Solar, visit www.sunvalleysolarinc.com
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