NEW YORK, Oct. 21, 2014 /PRNewswire/ -- CBD Energy Limited (NASDAQ: CBDE), a diversified clean energy company and global provider of solar systems, announced today that its Westinghouse Solar unit has completed installation of the Company's first U.S.- based residential solar system. The 5.86kW system, purchased via a 12-year loan with no money down, comes with a 20-year Westinghouse Solar warranty. The Company estimates that this customer, located in Massachusetts, will realize approximately 33% energy cost savings.
Mr. Gerry McGowan, CBD Energy Executive Chairman and Managing Director, stated, "We are very pleased to announce our first U.S. residential solar system installation, the first completion of our robust, growing pipeline. Local demand for our solar systems is strong and this is an important milestone as we enter the U.S. solar marketplace. Our customers will enjoy cost certainty and minimized impact of future energy price increases over the 25-plus year system life. Furthermore, our residential solar customers own their systems, which allows them to directly benefit from all of the government rebates, incentives and solar renewable energy certificates ("SRECs") associated with the system."
To learn more about our solar systems and related financing offerings, or to schedule a free Westinghouse Solar site evaluation, please visit us at: www.westinghousesolar.com
About CBD Energy Limited (NASDAQ: CBDE)
Established in 1989, CBD Energy Limited is a diversified renewable energy company and a global leader in solar installations. Powered by a management team with deep experience in the energy sector and strong engineering capabilities, CBDE is focused on the integration of residential solar, commercial and industrial solar, small utility scale solar and wind projects, in three principal markets - Australia, the United Kingdom and the United States. CBDE markets its residential and commercial solar installations under the name Westinghouse Solar, using the WESTINGHOUSE® trademark pursuant to an exclusive, long-term worldwide license.
Headquartered in Sydney, with principal regional offices in London and New York, CBDE has completed projects across four continents in Australia, Fiji, Germany, Italy, New Zealand, Thailand, the United Kingdom and the United States. CBDE has installed more than 17,000 residential systems and developed large renewable energy projects such as the 107MW wind farm in Taralga, NSW. For further information on CBD Energy Limited and Westinghouse Solar, please visit:
Caution Concerning Forward-Looking Statements
This news release contains 'forward-looking statements.' Such forward-looking statements can be identified by, amongst other things, the use of forward-looking language, such as the words 'plan', 'believe', 'expect', 'anticipate', 'intend', 'estimate', 'project', 'may', 'would', 'could', 'should', 'seeks', or 'scheduled to', or other similar words, or the negative of these terms, or other variations of these terms or comparable language, or by discussion of strategy or intentions.
Such forward-looking statements are subject to various risks, as well as those set forth in the Corporation's most recent Form F-1, as filed with the U.S. Securities and Exchange Commission (SEC), and involve assumptions, estimates, and uncertainties that reflect current internal projections, expectations or beliefs. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements contained in this news release are qualified in their entirety by these cautionary statements and the risk factors described above. Furthermore, all such statements are made as of the date of this release, and CBD Energy Limited assumes no obligation to update or revise these statements unless otherwise required by law.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cbd-energys-westinghouse-solar-unit-delivers-first-us-residential-solar-system-587601890.html
SOURCE CBD Energy Limited