Xnergy, Sunvalley Solar to Construct Six PV Systems in California
Blue Earth Inc., a renewable energy and energy efficiency services company, announced today that its wholly owned subsidiary, Xnergy Inc., entered into a joint development agreement with Sunvalley Solar Inc. to construct six separate solar projects totaling approximately 1 MW of DC in California. The projects are valued at approximately $4.2 million and consist of six solar PV systems: both ground mount and rooftop.
The projects have signed engineer, procure and construct (EPC) agreements with the owners of the businesses for each of the respective construction sites. All of the customers have agreed to assign the 1603 Grant and Utility Incentives, including their own cash to pay for the solar PV systems. All of the projects are 1603 Grant eligible.
The construction of the six ground mounted and rooftop solar power systems are expected to begin in the third quarter of 2012 and it’s expected that they will all be completed no later than the first quarter of 2013.
“We are delighted about this opportunity to work with Sunvalley Solar as a joint developer of these solar PV projects and we look forward to continuing the relationship on future projects. Sunvalley Solar has a very strong sales team and we look forward to many successes together,” stated D. Jason Davis, CEO of Xnergy.
“We are very excited to joint develop these projects with Blue Earth,” said James Zhang, CEO of Sunvalley Solar Inc. “As always, we strive to provide optimum solar solutions and highest quality to our clients in a timely manner.”
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