HENDERSON, Nev. - August 16, 2012 (Investorideas.com newswire, renewable energy newswire) Blue Earth, Inc. (OTCBB:BBLU), 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. (OTCBB:SSOLD) to construct six separate solar projects totaling approximately 1 megawatt 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, Inc.
Xnergy is a full-service EPC (Engineering, Procurement, Construction) firm, which has engineered, installed, and/or commissioned nearly 100 MW of traditional and alternative energy systems. Xnergy provides a broad range of comprehensive energy solutions, including the design and implementation of energy savings projects, energy conservation, energy infrastructure outsourcing, power generation and energy supply and risk management. Xnergy serves private and public clients from all industries throughout California and helps them minimize their energy consumption and reduce their carbon footprint. For further information visit www.xnergy.com.
"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."
BBLU is engaged in the clean technology industry with a primary focus on the energy efficiency and renewable energy sectors. We strive to participate in the global movement for a sustainable planet by offering products and services that will optimize energy use, reduce harmful environmental emissions and substantially reduce energy costs to our customers. For more information about Blue Earth, Inc., please visit www.blueearthinc.com.
About Sunvalley Solar, Inc.
Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipment, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in lowering of utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy. Located in Los Angeles, California, Sunvalley Solar, Inc. is committed to reducing the world's carbon foot print from traditional energy sources to make renewable sources such as solar the nation's mainstream source of power. To learn more, visit www.sunvalleysolarinc.com.
Forward Looking Statements
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