Sunvalley Solar Awarded 176 Kilowatt Contract in Thermal, CA
WALNUT, Calif., Jan. 4, 2012 /PRNewswire/ -- Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL), a leading solar power technology and solar system integration company, announces today that it has signed a 176 Kilowatt commercial solar installation contract with XL Biofuels, Inc. in Thermal, California.
"The XL Biofuels contract complements the over 1 M Watts of power signed last year, and it continues the sales momentum and growth of last year. Sunvalley strives to consistently provide our clients with optimum solar solutions of the highest quality in the most efficient manner," said James Zhang, CEO of Sunvalley Solar, Inc.
The 176 Kilowatt solar power system is expected to generate 286,996 Kilowatt hours of electricity annually. This system uses high efficiency solar panels from Jiangsu JiaSheng Photovoltaic Technology and solar inverters from PV Powered. The total contracted value is over $760K and is supported by solar incentive rebates from the local utility company and Federal Tax Cash Grants from the Federal Treasury Department.
The installation of this project will begin in mid 2012.
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.
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