Premier Power sells $3M solar power system
Sacramento Business Journal - by Melanie Turner Staff writer
Premier Power Renewable Energy Inc. has secured a contract for the sale of a 600 kilowatt rooftop solar system in Spain, the company announced Monday.
Premiere Power (OTCBB: PPRW) landed contracts for more than 400 kilowatts of similar solar rooftop installations in Spain last month.
The project announced Monday is valued at about $3 million, according to Premier Power of El Dorado Hills. Premier Power designs, engineers and builds solar power systems for commercial, government and utility markets in the United States, Spain and Italy.
The 600 kilowatt system will use “polycrystalline solar modules” by General Electric and power inverters provided by Ingeteam. A private investor group, which has leased the commercial rooftop for a 25-year term, is funding the system purchase.
“With a majority of Spain’s rooftop solar energy targets unmet, and increased government support of rooftop solar systems through a revised feed-in tariff, the commercial rooftop market has become the leading solar market segment in Spain,” Bjorn Persson, executive vice president of European operations for Premier Power, said in a news release.
http://sacramento.bizjournals.com/sacramento/stories/2009/10/05/daily13.html
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