SSOL news: Sunvalley Solar Awarded a $663K Solar Installation Contract in Coachella, CA
2011-01-11 10:34 ET - News Release
WALNUT, Calif., Jan. 11, 2011 /PRNewswire/ -- Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL), a leading provider of solar power technology and solar integration systems, announced that it has signed a commercial solar installation contract with Seaview Packing in Coachella, California.
Seaview Ranch, one of the largest kumquat and sweet lime suppliers in the US, has been operated by Ron Jensen and his family since 1983. The ranch, originally owned by a long-since defunct produce company in the Los Angeles Wholesale Produce Market, has a rich farming history with the first kumquat trees being planted in the late 1950's.
Sunvalley was awarded a contract to design and install a solar power system to provide alternative energy to this historical Ranch. The 145.16 Kilowatt solar power system is comprised of 1,528 solar panels from Tianwei Solarfilms and one 100KW plus one 35KW solar inverters from PV Powered with a total contracted value of approximately $663,381. The contract is supported by nearly $318K of solar incentive rebates from the local utility company and about $200K of Federal Tax Cash Grants from the Federal Treasury Department.
The solar system is expected to generate 224,364 Kilowatt hours of electricity annually. During the peak months of May through October the system will generate surplus power and earn credits with Imperial Irrigation District Utility, offsetting the less sunny winter months.
The installation for Seaview Packing Inc. will begin in February of 2011.
About Sunvalley Solar, Inc.
Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipments, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in lowering of utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy. Located in Los Angeles, California, Sunvalley Solar Inc. is committed to reducing the world's carbon foot print from traditional energy sources to make renewable sources such as solar the nation's mainstream source of power.
To learn more, visit www.sunvalleysolarinc.com.
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
SOURCE Sunvalley Solar, Inc.
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