Articles
Premier Power Signs Contract To Build New 0.5 MW Solar Electric Power Plant in Sicily
July 13, 2010
Premier Power Renewable Energy, Inc. (OTCBB:PPRW), a global leader in the development, design, engineering, and construction of solar power systems for commercial, government, and utility markets in the United States and Europe, announced today it will build a 0.5 megawatt (MW) solar power plant for Mirrione Francesco Legnami SRL, a leader in the Italian timber industry, wholesaler of wood, raw construction materials, and homebuilder.
"The building of a new solar electric power plant by Mirrione Francesco Legnami is a wise decision, as it makes productive unused space available on rooftops in this region of Sicily best known for agriculture while producing clean electric power given the amount of high sun exposure," said Dean R. Marks, Chief Executive Officer of Premier Power. "This project creates a reliable source of electricity for our customer as produced by the sun, and it expands our pipeline of Italian projects," he added.
This project is a new addition to the series of solar projects being developed by Premier Power for clients in Italy. Located in the industrial zone in the town of Calatafimi in the province of Trapani, Sicily, this plant will have solar electric generating capacity of 0.5 megawatts, and build-out of the project will commence in the third quarter of 2010. This plant will feature a fully integrated installation, where in this instance, in addition to this solar system's ability to generate power, the solar panels being installed also form a part of the roof and provide the same functionality as standard roofing materials. Given this system's duality in function, it has been designed and enabled to receive the highest feed-in tariff.
About Premier Power
Premier Power Renewable Energy, Inc. is a leading global provider of large and small-scale solar power systems, delivering unmatched experience to commercial, governmental and residential customers throughout North America and Europe. Premier Power designs, engineers and integrates the solar industry's leading products. Premier Power's technologies and services have enabled its customers to maximize clean energy output along with project savings. Today, Premier Power designs and deploys the most innovative solar electric systems through market-leading innovation and exceptional customer service. Premier Power is headquartered in El Dorado Hills, CA and has common stock quoted on the OTC Bulletin Board under the symbol PPRW.OB. Additional information is available at the Company's website at www.premierpower.com.
FORWARD-LOOKING STATEMENTS
This release contains certain "forward-looking statements" relating to the business of Premier Power Renewable Energy, Inc. ("Premier"), which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to reliance on a limited number of customers, market demand, cyclical nature of our markets, reliance on key personnel, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on Premier's current expectations and beliefs concerning future developments and their potential effects on the company. There can be no assurance that future developments affecting Premier will be those anticipated by Premier. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Copyright Business Wire 2010
