Solar Energy Initiatives (SNRY.OB) Signs $1.2 Million Letter of Intent for Solar PV PPA Project
Solar Energy Initiatives, Inc. announced this morning that they have inked a Letter of Intent (LOI) to complete a solar PV PPA project with a Delaware Charter School. This project is expected to generate approximately $1.2 million in revenue for the Company with the anticipated completion date slated for the fall of 2011. Solar Energy Initiatives will serve as the developer for the project, which is designed to reduce carbon dioxide emissions by 500 tons per year. The system is planned for up to 300 kilowatts of roof-mounted solar panels and will require over 1,300 solar panels to complete. As…