Solar Energy Initiatives, Inc. (SNRY.OB) Announces Completion of 2.5 MWs of Power Purchase Agreements
Yesterday, Solar Energy Initiatives, Inc. announced that it has signed three Power Purchase Agreements with the Tennessee Valley Authority to construct 2.5 megawatts of photovoltaic projects. TVA has, under the agreement, promised to purchase all the power the completed systems produce. TVA will also obtain the associated environmental benefits of the green project. Solar Energy Initiatives will lead the development of the project, including designing the systems, installing and operating them. Solar Energy predicts that the projects will break ground in the first quarter of 2011, to be completed in the summer of the same year. These projects are expected…