Six Solar Power Projects Planned for California by Xnergy
Blue Earth Inc. announced today its wholly owned subsidiary, Xnergy Inc., entered into a development and financing agreement with Greenwood Biosar LLC, a joint venture company between Greenwood Energy and Biosar S.A., to construct six separate solar power projects totaling approximately 1 MW of DC in California. These “Sunvalley Projects” consist of six solar PV systems, both ground mount and rooftop, to be installed for private businesses in southern California.
The construction of the Sunvalley Projects has already begun. It is expected that they will all be completed no later than the first quarter of 2013.
Greenwood Biosar will support Xnergy in the development of the Sunvalley Projects by supplying PV panels and other balance of plant equipment as well as providing construction financing.
“We are very excited to partner with Blue Earth,” said Camilo Patrignani, Director of Greenwood Biosar. “The Sun Valley Projects will be just the first of many with Blue Earth and Xnergy.”
“We are delighted to establish a development and funding relationship with parties that have the capacity to develop and fund numerous solar PV projects. We have also agreed to work together on 2MW of our Hawaii solar projects, with the expectation that we will work together on numerous others,” stated D. Jason Davis, CEO of Xnergy, Inc.
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