Sunvalley Solar Awarded $3M Solar System Installation Contract
WALNUT, Calif., Sept. 15 /PRNewswire/ -- Sunvalley Solar Inc. (OTC Bulletin Board: SSOL.OB), a leading provider of solar power technology and solar system integration company, announced that it signed another commercial solar installation contract in Thermal City (Palm Spring area) with Felix Chao Chuo Farm, Inc.
The dramatic, 653 Kilowatt installation includes three solar systems comprised of 6,876 solar panels and has a total contract value of over $3M. Sunvalley Solar will design and install these solar power systems at Felix Chao Chuo Farm, one of the largest farms in the U.S.,with 90 acres of vegetable fields. In business for more than 40 years, Felix Chao Chuo provides fresh vegetable and fish to supermarkets in New York, New Jersey, and California.
"The cost of our electrical power usage is very high now since we require a significant amount of electrical power to water our fields and to refrigerate our vegetables. The new solar power systems, will provide most of the electricity we need to operate the business and provide fresh vegetables to our customers" said Felix Chac Hung Chuo, President of Felix Chac Chuo Farms. "We know Sunvalley has experience and expertise in solar system design and installation, and their service is extremely good. Sunvalley offers us an extremely green power solution and we are eager to use solar power and make our farm more eco-friendly."
The solar system is expected to generate 1,176,721 Kilowatt hours of electricity annually. During the peak months of May through October the system will generate surplus power and earn credits with Imperial Irrigation District Utility, offsetting the less sunny winter months. Over its lifetime, Felix Chao Chuo Farms' solar installation is expected to offset an estimated 45 million pounds of carbon dioxide, the equivalent of planting 21,398 trees.
"This contract is another milestone for us in Palm Spring area following our just announced contract with Long Life Farms to install three solar systems comprised of 8,460 solar panels with a total contracted value of over $3.69M. " said James Zhang, CEO of Sunvalley Solar. "We are working together with other farms in the Palm Springs and Thermal City areas to introduce the option of solar power as a cost –efficient, eco-friendly alternative to traditional electricity. This is just a start in our overall strategic plan to be the dominant supplier of solar products to the Palm Springs market segment."
The installation for Chao Chuo Farms, Inc. will begin in early 2011.
About Sunvalley Solar, Inc.
Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipments, 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 Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "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. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
SOURCE Sunvalley Solar, Inc.
Share this article