Solar Park Initiatives (OTCBB: SOPV) operates within a high growth industry that has been attracting savvy traders by the droves.
Although solar energy only accounts for lesss than 1% of the U.S. energy supply, its contribution is anticipated to increase substantially every year.
With such huge upside potential and high demand for clean energy, solar stocks have performed well in the near-term and attracted both short-term and long-term investors.
SOPV Completes Acquisition of Assets and Gears up for Forty Million Dollar Project
Recently, Solar Park Initiatives, Inc. closed its acquisition of Maple Leaf Renewables Group, Inc., and acquired all assets of Maple Leaf, which includes a significant pipeline of developing project assets in Texas and California. The projects range in size from 2MW up to 100 MW including development of large solar and wind energy projects over the past three years. The company is now focused on delivering high-quality, large-scale solar and wind development projects at a low cost to the marketplace.
The acquisition of Maple Leaf's assets, SOPV is geared to accelerate the process of the Company’s goal of becoming a developer of solar parks in the United States.
One of the first projects acquired was a 10 MW project in southern California, and pending permitting and project finance approvals, this could generate approximately forty million dollars in revenue within the next two to three years. Construction could begin in late 2011 on private land leased, with the installations completed by 2012 or early 2013.
The Company is now ready to develop its current pipeline for solar generation facilities starting in the 5 to 10 MW range in states where land has already been secured.
