EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Premier Power Renewable Energy (OTCBB:PPRW - News), a global leader in the development, design, engineering and construction of solar power systems for commercial, government and utility markets in the U.S., Spain and Italy, today announced that it received signed contracts for more than 400 kilowatts (kW) of solar rooftop installations in Spain this past week.
These commercial rooftop projects will utilize crystalline modules provided by General Electric. All three commercial installations are being funded by the owner and operator of the business, two of which are agricultural operations. Premier Power expects to complete all three projects by the end of calendar 2009.
“We continue to see substantial growth opportunity in Spain for rooftop and building integrated solar energy systems,” said Bjorn Persson, Executive Vice President of European operations for Premier Power. “The macro economic environment and rising electricity costs are driving commercial property and business owners to invest in solar energy systems as a way to offset these higher costs. With a majority of Spain’s rooftop solar energy targets unmet, and increased incentives to utilize rooftop solar installations, the commercial rooftop market is quickly becoming the leading solar market segment in Spain. Our global experience and unmatched engineering and design expertise strongly position us to capitalize on these commercial rooftop opportunities and further build our leadership role in this fast growing market.”
About Premier Power
Premier Power Renewable Energy, Inc. is a leading global provider of large and small-scale solar power systems, delivering unmatched experience to commercial, governmental and residential customers throughout North America and Europe. Premier Power designs, engineers and integrates the solar industries leading products. Premier Power's technologies and services have enabled its customers to maximize clean energy output along with project savings. Today, Premier Power designs and deploys the most innovative solar electric systems through market-leading innovation and exceptional customer service. Premier Power is headquartered in El Dorado Hills, CA and trades on the OTC Bulletin Board under the symbol PPRW.OB. Additional information is available at the Company's website at www.premierpower.com.
FORWARD-LOOKING STATEMENTS
This release contains certain "forward-looking statements" relating to the business of Premier Power Renewable Energy, Inc. ("Premier"), which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to reliance on a limited number of customers, market demand, cyclical nature of our markets, reliance on key personnel, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on Premier's current expectations and beliefs concerning future developments and their potential effects on the company. There can be no assurance that future developments affecting Premier will be those anticipated by Premier. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
MKR Group, Inc.
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pprw@mkr-group.com
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