Blue Earth Announces Acquisition of 13MWp Solar Project in Malheur County, Oregon
HENDERSON, NV--(Marketwired - October 22, 2015) - Blue Earth Inc. (BBLU) an alternative/renewable power generation solutions company, announced today that it has acquired Moores Hallow Solar, LLC, a 13MWp solar project located in Malheur County, Oregon. Blue Earth executed a Membership Interest Purchase Agreement between its wholly-owned holding company, Blue Earth Oregon Solar LLC, and the project company owned by Pacific Northwest Solar, LLC ("PNS") based in Portland, OR. The membership interests of the project company were 100% owned by PNS.
Construction of the project is scheduled to begin in early Q1 of 2016 with an expected COD date in late Q3 of 2016. The offtaker is Idaho Power Company.
"We look forward to continuing to work on finalizing the acquisition of the remaining 44MWp across five projects from Pacific Northwest Solar," added Ruben Fontes, President of Blue Earth Solar. "This project, along with several others on which our team is currently performing due diligence, represents a commitment to developing, acquiring and/or building renewable energy assets in this region."
About BBLU
BBLU is engaged in the clean technology industry with a primary focus in alternative/renewable power generation 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 materially reduce energy costs to our customers. For more information about Blue Earth Inc., please visit www.blueearthinc.com.
Forward Looking Statements
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