WALNUT, Calif., April 21, 2014 /PRNewswire/ -- Sunvalley Solar, Inc. (SSOL), a leading solar power technology and solar system integration company, announced today that it has been awarded a new 1,122KW solar system installation contract from Wreden Ranch in Handord, CA.
The 1,122KW contract is for a system capable of generating 2,096,352Wh of electrical power annually. The system utilizes 3,740 pieces of high-efficiency 300-watt poly-crystalline solar panels.
"This is definitely a milestone for Sunvalley Solar in terms of the system size and the project funding solution. The customer's financial support, in the form of a project loan from a financial institution and a banking partnership, effectively addresses solar funding issues resulting from the termination of the Federal Cash Grant solar incentive plan last year. The faith, by both the bank and the customer, allows Sunvalley to demonstrate its commitment to its customers and provide the highest quality solar solutions. We are confident of future contracts with this project financing capability," said James Zhang, CEO of Sunvalley Solar, Inc.
The installation of this project will start by middle of 2014.
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.