Greenwood Biosar to help in Blue Earth's 1-MW solar project in California
Sep 28, 2012 - US green energy firm Blue Earth Inc (OTC:BBLU) on Friday said that solar services provider Greenwood Biosar LLC will supply the panels and other equipment and provide construction financing to its 1-MW solar project in California.
The six separate installations under the southern California project are worth a combined USD 4.2 million (EUR 3.4m). The given capacity is in direct current (DC).
The development and financing agreement has been awarded to Greenwood Biosar by Blue Earth’s unit Xnergy Inc, which is developing the project together with US solar system integrator Sunvalley Solar Inc (OTC:SSOL). Construction is already in progress, while the installations are to be completed by the first quarter of next year.
Greenwood Biosar is a joint venture of renewable energy investment firm Greenwood Energy and solar engineering, procurement and construction (EPC) services provider Biosar SA.