WALNUT, Calif., Aug. 22, 2011 /PRNewswire/ -- Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL - News), a leading solar power technology and solar system integration company, announces today that it has signed a 405 Kilowatt commercial solar installation contract with All Fortune Group, LLC in Long Beach, California.
"The All Fortune Group contract, following closely on the heals of the 336 Kilowatt system we signed in June of this year, represents our largest single contract to date. It will bring in over $2M in revenue and provide a significant profit. We strive to always provide our clients with both the best solar solution of the highest quality and timely installation in a cost efficient manner. Obviously the recent award of business from All Fortune Group is a testament to out success," said James Zhang, CEO of Sunvalley Solar, Inc.
The 405.375 Kilowatt All Fortune Group solar power system is expected to generate 577,140 Kilowatt hours of electricity annually to reduce CO2 emissions by more than 384 tons annually. This is equivalent to eliminating the use of 46,555 gallons of gasoline and avoiding 19 million pounds of green house gas emissions over the lifetime of the system. This system uses high efficiency solar panels from Tianwei New Energy and solar inverters from PV Powered. The total contracted value is over $2M and is supported by solar incentive rebates from the local utility company and Federal Tax Cash Grants from the Federal Treasury Department.
The installation for this 405KW solar system is planned to start in late December 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.