SOURCE: Solar Energy Initiatives

Solar Energy Initiatives

February 10, 2010 08:30 ET

Solar Energy Initiatives, Inc. Creates Jobs and Builds a Solar Economy in South Carolina

Solar Energy Initiatives, Inc. to Develop Solar Showcase

PONTE VEDRA BEACH, FL--(Marketwire - February 10, 2010) - Solar Energy Initiatives, Inc. (OTCBB: SNRY), with operating divisions in solar project development, distribution and workforce training, today made an announcement with the State of South Carolina and the North Eastern Strategic Alliance (NESA) to drive job creation and economic development through solar energy. The first phase of the project involves the configuration of the 6,000-square-foot solar academy training center. Construction is expected to begin in the spring of 2010 with a ground-breaking ceremony to be announced at a future date. Solar Energy Initiatives will locate new facilities in Williamsburg County, creating a solar technology campus. The goal is to leverage the Port of Charleston and develop a showcase for solar technology, training, distribution and logistics, making Williamsburg County the solar capitol of the east coast.

"We are very excited about our announcement with the State of South Carolina and the next stage of growth for Solar Energy Initiatives," said David Fann, Chief Executive Officer of Solar Energy Initiatives. "With this commitment from the Department of Commerce and Williamsburg County, we will be creating a solar showcase for South Carolina, aiding the State's effort to develop jobs and businesses linked to the fast-growing solar economy. This project focuses our Renew the Nation campaign at the Regional level, continuing our mission of economic development for small businesses in the Construction and the Trades. We expect Renew South Carolina to generate over 200 jobs while laying the ground work for hundreds more as South Carolina establishes itself in the solar marketplace."

With over 200,000 square feet of building space, the Company plans on starting a solar academy to train new solar technicians and a distribution center for solar products. The location will also serve as a demonstration center for all types of solar installations including solar thermal (hot water) and solar photovoltaic rooftop and ground-mount systems. Finally, the plan includes co-locating major manufacturers of solar products used in residential and commercial applications.

"South Carolina's business-friendly climate, skilled workforce and strong market access continues to attract new opportunities to our state, and today's announcement is another indication that South Carolina has laid the groundwork necessary to attract investment from innovative and emerging industries," said Joe Taylor, Secretary of Commerce of South Carolina.

Solar Energy Initiatives' decision to expand in South Carolina came via a coalition of public and private sector interests working with the NESA, a nine-county regional economic development group.

"We are pleased to welcome Solar Energy Initiatives, Inc. to the NESA Region. The partnership that the company has formed with the State will initially create over 200 much-needed jobs and is poised to have an even greater impact on not only the State but the Region as this industry is established in South Carolina," said Jeff McKay, NESA Executive Director.

Solar Energy Initiatives is implementing a multi-phase development plan, engaging Capital Connections and working closely with Williamsburg County to make this possible.

"Today's announcement is a testament to many months of hard work and collaborative effort dedicated to the worthy cause of recruiting green industries and bringing needed jobs to the State of South Carolina. We will continue promoting solid partnerships between the private and public sector while strengthening value and lasting relationships between Solar Energy Initiatives and the State resulting in numerous victories for the citizens of South Carolina," commented John Y. McGill Jr. of Capitol Connections.

For more information on Renew South Carolina, please contact: southcarolina@solarenergy.com.

About Solar Energy Initiatives, Inc.

Solar Energy Initiatives, Inc. (OTCBB: SNRY), d-b-a SNRY Solar, is a diversified provider of solar solutions with three principal operating groups focused on large-scale projects, solar education and distribution of solar products. The Project Services Group (PSG) is a developer and manager of municipal and commercial scale solar projects. The Solar Eos Group (SEG) is dedicated to the education and continuous improvement of solar energy trade professionals. The Integrated Supply Group (ISG) is a wholesale distributor of branded photovoltaic and thermal (water heating) systems selling via an exclusive network of dealers throughout the United States and the Caribbean.

While Solar Energy Initiatives, Inc. is not a solar franchise or a manufacturer like Applied Materials, First Solar, Kyocera, or Sanyo, the Company does have distribution agreements with leading solar manufacturing companies like Canadian Solar, BP Solar, GE Solar, Suntech and others.

Through its diversified portfolio of solar businesses, the SNRY Solar is committed to restoring the nation's economy through a grassroots campaign called 'Renew the Nation.' Renew the Nation brings together a broad alliance of public and private sector interests focused on workforce development, job creation and economic growth through solar energy. For more information please visit www.solarenergy.com.

About NESA

The North Eastern Strategic Alliance (NESA) is a regional economic development organization that serves nine-counties in northeast South Carolina. NESA's primary objective is to enhance significantly the quality of life for residents of the region by creating additional jobs and capital investment within the existing industry base as well as through recruitment of new companies and expansion of tourism related development. NESA's nine member counties are Chesterfield, Darlington, Dillon, Florence, Georgetown, Horry, Marion, Marlboro, and Williamsburg. For more information please visit www.scbusinesscorner.com.

About Capitol Connections, LLC

Capitol Connections, LLC offers a full range of consulting services, including economic development, government relations, advisement, and business and strategic planning. Through strong relationships in the public and private sector, Capitol Connections provides its clients quality advisory assistance that is tailored to maximize and enhance alliances with municipal, local, and state government. A seasoned staff with extensive experience, Capitol Connections endeavors to help its clients achieve their desired results and ultimate goals. For more information please visit www.capitolconnectionssc.com.

Contact Information

  • Contact:

    Solar Energy Initiatives, Inc.
    David Fann, Chief Executive Officer, 904-644-6090
    Email Contact

    or

    Alliance Advisors, LLC
    Chris Camarra or Bryan Kobel, 212-398-3487
    Email Contact