October 5, 2009

El Dorado Hills, CA, USA: Premier Power Signs Contract for Rooftop Solar System in Spain

Premier Power Renewable Energy, a designer and installer of solar power systems for commercial, government and utility markets in the U.S., Spain and Italy, has signed a contract for the sale of a 600 kilowatt rooftop solar system in Spain. The project is valued as high as $3.0 million.

The commercial rooftop solar system will deploy polycrystalline solar modules provided by General Electric and power inverters provided by Ingeteam. A private investor group that has leased the commercial rooftop for a 25-year term is funding the system purchase.

“The high return and low risk profile of a Premier Power solar system are driving private investors and business owners alike to invest in Premier Power solar systems,” said Bjorn Persson, Executive Vice President of European operations for Premier Power.

“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. We continue to see a substantial growth opportunity in Spain for rooftop and building integrated solar energy systems, and with our global experience and engineering and design expertise, we feel we are strongly positioned to build on our leadership role in this fast growing market.”

Further details about: Premier Power Renewable Energy