September 24, 2009
Ft
Lauderdale, FL, USA: Solargy Systems Inc Retains Investment Advisor
Solargy
Systems Inc. has enlisted the aid of investment advisors to assist
in raising funds to finance its existing contracts.
C
M Nurse noted "We have had a few contracts for some time and have
been working on securing funding. Our local Florida projects have
proved to be easier to solicit expressions of interest to fund
than our foreign contracts. Our 10 MW Solar farm in Central Florida
for which we already have site control and prelim engineering
has started, we believe we can have funded by the end of the year
and start construction in first quarter of 2010. That project
has a 20 year revenue stream of over $5,200,000 per year. We have
been given a number of funding options including forming joint
ventures with suppliers of solar panels."
"We
will pursue all viable funding options including forming alliances
with suppliers and, equity stakes in the projects to investors."
Mr. Nurse concluded.
Solargy
Systems Inc, is a systems integrator of alternative energy technologies.
Solargy Systems Inc already has power purchase agreements (PPA)
totally 30 MW and expects to secure additional PPAs in the months
ahead. The technologies the company uses will provide solutions
to the high cost of energy in emerging markets by selling and
installing small power systems ranging from 1 MW for large commercial
applications to 20 MW and larger hybrid systems by using combinations
of solar and wind or waste and solar.
Further details about: Solargy
Systems Inc.
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