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Blue Earth Announces LOI to Purchase Interests in the 57.1MWp Oregon Solar Portfolio

HENDERSON, NV--(Marketwired - September 24, 2015) - Blue Earth, Inc. (BBLU), an alternative/renewable power generation solutions company, announced today that BE Solar, Inc., its wholly owned subsidiary, entered into a Letter of Intent ("LOI") to purchase all of the membership interests in six separate Special Purpose Entities, comprising the 57.1MWp Oregon solar portfolio, from Pacific Northwest Solar, LLC ("PNS") based in Portland, OR. The membership interests of the six Project Companies are 100% owned by PNS.

Although this transaction is subject to several closing conditions, the initial due diligence has been completed.

"We are delighted to have the opportunity to acquire these projects which, upon closing, is expected to be an excellent complement of domestic projects, as we continue to build our solar pipeline," stated G. Robert Powell, CEO of Blue Earth, Inc. "We expect to continue to add quality projects in solar and co-generation as we move forward with our focus on power generation."

Construction of the projects 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 be very active in the Northwest," added Ruben Fontes, President of Blue Earth Solar. "This portfolio represents another important step toward solidifying our presence 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

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. Words such as "believes," "projects," "anticipates," "plans," "expects," "may," "will," "should," "intends," and similar expressions are intended to identify forward-looking statements. These statements relate to future events or to the Company's future financial performance, and the engineering developments regarding the Company's wholly owned subsidiary Blue Earth Solar, Inc. These forward-looking statements are based on the Company's current beliefs and expectations, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-Ks, Form 10-Qs, Form 8-Ks, Proxy Statements and other filings. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.