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Premier Power Signed Contracts for More Than 1 Megawatt of Solar Rooftop Installations in Spain This June

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2009-07-14 05:15:21     
Premier Power Renewable Energy

Premier Power Renewable Energy (OTC Bulletin Board: PPRW), a global leader in the development, design, engineering and construction of solar power systems for commercial, government and utility markets in the U.S. and Europe, today announced that it received signed contracts for more than 1 megawatt (MW) of solar rooftop installations in Spain during the month of June.

These commercial rooftop projects will utilize crystalline modules provided by General Electric and cylindrical thin film provided by Solyndra. This 1MW of installations will be installed only on commercial rooftops, which remain the majority of the current installation market in Spain.

"We continue to see substantial growth opportunity in Spain, reflecting the tremendous demand for rooftop and building integrated solar energy systems that are easily integrated into the existing energy transmission infrastructure," said Bjorn Persson, executive vice president of European operations for Premier Power. "The commercial rooftop market is forecast to become the leading market segment in Spain as sixty percent of Spain's expected solar energy targets remain unmet. Our strategic decision to focus on rooftop installations since our inception over two years ago, combined with our global experience and unmatched engineering and design expertise, strongly positions us to capitalize on these opportunities and further build our leadership role in this fast growing market."

About Premier Power

Premier Power Renewable Energy, Inc. is a leading global provider of large and small-scale solar power systems, delivering unmatched experience to commercial, governmental and residential customers throughout North America and Europe. Premier Power designs, engineers and integrates the solar industries leading products. Premier Power's technologies and services have enabled its customers to maximize clean energy output along with project savings. Today, Premier Power designs and deploys the most innovative solar electric systems through market-leading innovation and exceptional customer service. Premier Power is headquartered in El Dorado Hills, CA and trades on the OTC Bulletin Board under the symbol PPRW.OB. Additional information is available at the Company's website.

FORWARD-LOOKING STATEMENTS

This release contains certain "forward-looking statements" relating to the business of Premier Power Renewable Energy, Inc. ("Premier"), which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to reliance on a limited number of customers, market demand, cyclical nature of our markets, reliance on key personnel, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on Premier's current expectations and beliefs concerning future developments and their potential effects on the company. There can be no assurance that future developments affecting Premier will be those anticipated by Premier. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Specialized in: Solar Power Company - Solar Power System - Solar Electric Power - Solar - Solar System - Solar Panel - Solar Power - Solar Energy - Solar Electric - Solar Tiles - Solar Electricity - Solar Installer - Installer Solar - Installer Panel Solar - Solar Professional - Solar Installation Professional - Photovoltaic
URL: http://www.premierpower.com
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