Solar Energy Initiatives-owned Solar Park initiatives announced that as a part of their campaign "RENEW THE NATION," it has signed a contract to secure land for designing, constructing and operating a solar park in California. This is all part of the initiative to make solar thermal and photovoltaic (PV) technologies more available. The financial aspect of the park and engineering, permitting construction, operations and maintenance will be the responsibility of Solar Park Initiatives. The solar panels and balance of system for the project will be obtained by Solar Energy Initiatives.
Zoning, permitting, EPA approvals and other such preliminary activities are soon to begin, with estimates point to the end of 2010. The 100 MW project is to be constructed over a span of three years, with the contract covering 25 years with an option for renewal.
Solar Energy Initiatives' CEO, David Fann, stated, "This endeavor represents strong validation that Solar Energy Initiatives and Solar Park Initiatives’ synergistic relationship is extremely capable of securing large scale contracts and expanding market presence. We believe that as Solar Energy Initiatives and Solar Park Initiatives continue to grow as market leaders and establish credibility with municipalities and landowners that both companies will secure additional contracts, increase our earnings and achieve our primary goal of improved shareholder value. Combined with our previously announced solar park in Western Texas we now have a combined 400 megawatts worth of projects that will begin in the next eighteen months."
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