Blue Earth Joint Develops 1 Megawatt DC of Solar PV Projects in California
16 August 2012 - 10:30AM
Blue Earth, Inc. (OTCBB:BBLU), a renewable energy and energy
efficiency services company, announced today that its wholly owned
subsidiary, Xnergy Inc., entered into a joint development agreement
with Sunvalley Solar, Inc. (OTCBB:SSOLD) to construct six separate
solar projects totaling approximately 1 megawatt of DC in
California. The projects are valued at approximately $4.2 million
and consist of six solar PV systems: both ground mount and rooftop.
The projects have signed Engineer, Procure and Construct ("EPC")
agreements with the owners of the businesses for each of the
respective construction sites. All of the customers have agreed to
assign the 1603 Grant and Utility Incentives, including their own
cash to pay for the solar PV systems. All of the projects are 1603
Grant eligible.
The construction of the six ground mounted and rooftop solar
power systems are expected to begin in the third quarter of 2012
and it's expected that they will all be completed no later than the
first quarter of 2013.
"We are delighted about this opportunity to work with Sunvalley
Solar as a joint developer of these solar PV projects and we
look forward to continuing the relationship on future projects.
Sunvalley Solar has a very strong sales team and we look forward to
many successes together," stated D. Jason Davis, CEO of Xnergy,
Inc.
Xnergy is a full-service EPC (Engineering, Procurement,
Construction) firm, which has engineered, installed, and/or
commissioned nearly 100 MW of traditional and alternative energy
systems. Xnergy provides a broad range of comprehensive energy
solutions, including the design and implementation of energy
savings projects, energy conservation, energy infrastructure
outsourcing, power generation and energy supply and risk
management. Xnergy serves private and public clients from all
industries throughout California and helps them minimize their
energy consumption and reduce their carbon footprint. For further
information visit www.xnergy.com.
"We are very excited to joint develop these projects with
Blue Earth," said James Zhang, CEO of Sunvalley Solar, Inc. "As
always, we strive to provide optimum solar solutions and highest
quality to our clients in a timely manner."
About BBLU
BBLU is engaged in the clean technology industry with a primary
focus on the energy efficiency and renewable energy
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
substantially reduce energy costs to our customers. For more
information about Blue Earth, Inc., please visit
www.blueearthinc.com.
About Sunvalley Solar, Inc.
Sunvalley Solar, Inc. is a leading solar system solution
provider that offers comprehensive solar energy technology, system
design, installation, equipment, and technical support for
electrical contractors, builders, homeowners, businesses/commercial
buildings, and government entities that assist them in lowering of
utility bills, reducing environmental impacts, and increasing
energy reliability and independence through solar energy. Located
in Los Angeles, California, Sunvalley Solar, Inc. is committed to
reducing the world's carbon foot print from traditional energy
sources to make renewable sources such as solar the nation's
mainstream source of power. To learn more, visit
www.sunvalleysolarinc.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. These statements relate to
future events or to the Company's future financial performance, 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, 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. 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.
CONTACT: Investor Relations Contact:
Blue Earth, Inc.
John C. Francis
www.blueearthinc.com
702.263.1808 Ext. 103
jfrancis@blueearthinc.com
Liviakis Financial Communications, Inc.
Michael Bayes
www.liviakis.com
415.389.4670
Michael@Liviakis.com