WALNUT, Calif., July 11, 2016 /PRNewswire/ -- Sunvalley Solar, Inc. (SSOL), a leading solar power technology and solar system integration company, announced today that it has been awarded a contract to build two separate 1,107 KW-DC photovoltaic systems for Wreden Ranch Dairy in Hanford, CA.
Each 1.1 MW-DC Photovoltaic System is estimated to produce 2,139,492 KWh annually. Accumulated system size is 2.2 MW-DC and estimated annual generation is 4,278,984 KWh. The system utilizes 6,920 high efficiency 320 watt poly-crystalline solar panels. The total eligible project cost is over 4 million dollars.
"This is definitely another milestone for Sunvalley Solar in terms of the system size and contractual value after our successful acquisition of Rayco Energy (now a full owned subsidiary of Sunvalley Solar Inc, focusing on residential and multi-family sector projects). The additional experienced management and EPCM professionals from Rayco Energy, have allowed Sunvalley Solar to develop its installation business in both Southern California and Northern California, in both commercial solar system and residential and multi-family sector projects. This large commercial project enables Sunvalley to demonstrate its commitment to providing its customers with the most efficient and cost-effective solar solutions. We are confident that more contracts of this sort will follow," said Mehmet Cercioglu. Mehmet Cercioglu is the General Manager of Sunvalley Solar Tech, a full owned subsidiary of Sunvalley Solar Inc., which focuses on the commercial solar installation business.
The installation of this project will start mid 2016.
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.
Sunvalley Solar, Inc. Investor Relations
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SOURCE Sunvalley Solar, Inc.