Solar Energy Initiatives to build 300 kW solar facility in Delaware
(ADPnews) - Dec 28, 2010 - US renewable energy company Solar Energy Initiatives (OTC:SNRY) said today it had signed a letter of intent with the Delaware Charter School for the installation of a 300 kW roof-mounted solar system.
The company, which is to receive part of the revenues from the facilities output, projects to get some USD 1.2 million (EUR 908,000) in revenue from the development.
The solar power project will include around 1,325 solar panels that would save 500 tonnes of carbon dioxide a year. Construction will start in 2011, while the units should be up and running in the autumn of 2011.