Solar Energy Initiatives Inc (SNRY)

[PETERDENIEL2003]

The board of SNRY after giving heed to current market conditions,
timing of regulatory approvals, and the funding needs of SPI and its
utility scale projects, expects a transaction to be completed in the
first quarter of 2011 with an eye to unlock long term value for its
shareholders. We believe that such a transaction when completed will
allow each of SNRY and SPI separately to capitalize on their emerging
respective pipelines.”

Solar Park Initiatives intends to focus on the development of large
utility-scale solar parks. SPI will target projects ranging from 10 to
500 megawatts principally in geographic locations with federal tax
incentives for renewable energy. SPI continues to pursue several solar
park opportunities over 400 megawatts with additional projects under
evaluation.

2011 U.S. solar installations to double to 1.8 GW, SEIA, GTM Research report
cleanenergyauthority - Today (June 16) the Solar Energy Industries Association (SEIA) and GTM Research said they projected that 1.8 gigawatts of solar will be installed in the U.S. in 2011,
June 17, 2011, 12:57 (CEST) text size:

Today (June 16) the Solar Energy Industries Association (SEIA) and GTM Research said they projected that 1.8 gigawatts of solar will be installed in the U.S. in 2011, doubling the 887 megawatts of solar installed in the U.S in 2010.



The doubling, together with slower growth in Italy and Germany, are likely to increase the U.S. global market share to 9 percent in 2011—up significantly from the 5 percent to seven percent global share that the U.S. had been trending.