SOURCE: Solar Energy Initiatives

Solar Energy Initiatives

February 08, 2011 08:30 ET

Solar Energy Initiatives Enters Into Development Arrangement With ESA Renewables LLC for 1MW Solar Project

PONTE VEDRA BEACH, FL--(Marketwire - February 8, 2011) -  Solar Energy Initiatives, Inc. (OTCBB: SNRY), with business in solar project development, today announced that the Company has arranged to receive a developer fee plus reimbursement of project expenses on a 1MWsolar PPA project with ESA Renewables LLC. ESA will provide the solar panels and other equipment to the project with an estimated completion date of early April. 

Solar Energy Initiatives has served as the project developer including the project design, permitting, overseeing the construction process and arranging for the delivery of some of the solar equipment and balance of system.

"This agreement shows that Solar Energy is choosing the right projects that have the ability to be completed and generate revenue. The Company will continue to develop additional solar projects in both existing and new geographic regions to schools as well as other commercial applications," stated Mr. David Fann, Chief Executive Officer of Solar Energy Initiatives. "As our sales pipeline continues to grow, we will remain dedicated to following this proven business model in order to continue establishing our market presence, securing additional contracts, and increasing our revenue generation."

About Solar Energy Initiatives, Inc.

Solar Energy Initiatives, Inc. (OTCBB: SNRY) is a developer of solar photovoltaic installations. These services are provided through its wholly owned subsidiary, SNRY Power who is a developer and manager of municipal and commercial scale solar projects. For more information please visit http://www.solarenergy-us.com/.

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    David Fann
    Chief Executive Officer

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