SOURCE: Solar Energy Initiatives

Solar Energy Initiatives

March 07, 2011 07:00 ET

Solar Energy Initiatives, Inc. Announces Letter of Intent for Funding of 1 Megawatt (MW) Solar Project

PONTE VEDRA BEACH, FL--(Marketwire - March 7, 2011) - Solar Energy Initiatives, Inc. (OTCBB: SNRY), a Florida-based solar energy company with business in solar project development, announced that it has executed a Letter of Intent with a renewable energy investment group to provide funding for one of its solar projects. The agreement also allows the potential for follow on investment into additional projects. This funding will support Solar Energy Initiatives pipeline of projects currently in various stages of development. The parties aim is to reach a final agreement within the next 30 days so that construction may begin in the near future.

David Fann, CEO of Solar Energy Initiatives, Inc., stated, "This agreement marks the next evolution for Solar Energy Initiatives. Strong financial partnerships represent the cornerstone of our ability to continue to serve the market with clean, renewable energy solutions. The completion of these projects along with our focused approach to the market presents SNRY significant growth and revenue opportunities now and into the future."

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/.

Contact Information

  • Contact Information

    Solar Energy Initiatives, Inc.
    David Fann
    CEO
    Email: Email Contact

    Investor Relations:
    Crystal Mountain Communications
    Email: Email Contact