Solar Energy Initiatives, Inc. Announces Letter of Intent for Funding of 1 Megawatt (MW) Solar Project
March 07 2011 - 7:00AM
Marketwired
Solar Energy Initiatives, Inc. (OTCBB: SNRY), a Florida-based solar
energy company with business in solar project development,
announced that it has executed a Letter of Intent with a renewable
energy investment group to provide funding for one of its solar
projects. The agreement also allows the potential for follow on
investment into additional projects. This funding will support
Solar Energy Initiatives pipeline of projects currently in various
stages of development. The parties aim is to reach a final
agreement within the next 30 days so that construction may begin in
the near future.
David Fann, CEO of Solar Energy Initiatives, Inc., stated, "This
agreement marks the next evolution for Solar Energy Initiatives.
Strong financial partnerships represent the cornerstone of our
ability to continue to serve the market with clean, renewable
energy solutions. The completion of these projects along with our
focused approach to the market presents SNRY significant growth and
revenue opportunities now and into the future."
About Solar Energy Initiatives, Inc.
Solar Energy Initiatives, Inc. (OTCBB: SNRY) is a developer of
solar photovoltaic installations. These services are provided
through its wholly owned subsidiary, SNRY Power, who is a developer
and manager of municipal and commercial scale solar projects. For
more information please visit http://www.solarenergy-us.com/.
Contact Information Solar Energy Initiatives, Inc. David
Fann CEO Email: Email Contact Investor Relations: Crystal Mountain
Communications Email: Email Contact
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