SOURCE: Sierra Nevada Corporation

Sierra Nevada Corporation

September 28, 2009 11:51 ET

Sierra Nevada Corporation Wins New Solar Project Contract With Nevada Army National Guard

Contract Includes Three Solar Energy Generation Sites -- Two in Las Vegas and One in Carson City

SPARKS, NV--(Marketwire - September 28, 2009) - Sierra Nevada Corporation President, Eren Ozmen, announced today Sierra Solar I (SSI) LCC has won the Nevada Army National Guard's Super Solar Phase I project to collaborate on solar energy generation projects at three National Guard sites. SSI will provide solar photovoltaic (PV) parking lot structures at the Nevada National Guard's Fairview Complex Headquarters in Carson City, Nev., the Las Vegas Readiness Center in south Las Vegas, and the Floyd Edsall Training Center in North Las Vegas. The combined power generated of all three plants is 3.4 megawatts.

Sierra Solar I (SSI) is a Nevada-based LLC and subsidiary of GA-SNC Solar LLC, with team members that include Sierra Nevada Corporation (SNC) and Gestamp Asetym Solar North America, Inc. (GA-SOLAR). GA-Solar is one of the largest and most experienced providers of solar power in the world.

Through the agreement, SSI is responsible for the project financing, design, procurement, construction, operation and maintenance of the solar photovoltaic (PV) parking lot facilities at each site. The Nevada National Guard will purchase power produced by the plants at a fixed levelized cost per kilowatt hour for the next 20 to 35 years.

"We are honored to have been selected by the Nevada Army National Guard to develop this project," said Greg Cox, Corporate Vice President, SNC. "We are excited to get this project underway with our other Nevada-based engineering and construction teammates."

Construction on the project is expected to start in November 2009 and all three plants will be completed and operational by June 2010. This project is estimated to create 20 development and construction jobs and 2 long-term operations and maintenance jobs.

About Sierra Nevada Corporation

Sierra Nevada Corporation (SNC) is known for its rapid, innovative, and agile technology solutions in electronics, aerospace, avionics, space, propulsion, micro-satellite, aircraft and communications systems for both the private and public sectors. Founded in 1963, SNC's seven unique business areas employs approximately 2000 people in 35 different locations in 20 states -- all of whom are dedicated to providing leading-edge solutions to SNC's dynamic customer base.

Over its 46 year history, SNC has remained focused on providing its customers the very best in diversified technologies to meet their needs and has a strong and proven track record of success. SNC has grown into one of the Top Woman-Owned Federal Contractors in the United States while maintaining its reputation for innovation and agility. The company continues to focus its growth on the commercial sector through internal advancements and outside acquisitions, including the emerging markets of telemedicine, nanotechnology, energy and net-centric operations. For more information on SNC visit www.sncorp.com.

About GA-Solar North America

A subsidiary of Gestamp Corporation, GA-Solar is a developer of large solar energy projects, from planning to execution of the projects with more than 200 MW commissioned solar plants and another 800+ MW in development. The company also specializes in the design, manufacture and installation of both fixed and tracking solar structures. Gestamp currently has 6 manufacturing plants in the United States employing over 400 people. Our team goal is to work actively to expand manufacturing base to Nevada. GA-Solar has offices in Madrid and Murcia, Spain, as well as in Rome and Palermo Italy and the United States. More information is available at http://www.ga-solar.com

Contact Information

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    Sierra Nevada Corporation
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    775-331-0222