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Premier Power Breaks Ground on Additional 1.0 MW Project in Southern Italy (Business Wire) Premier Power Contacts Rob Hichborn Premier Power Renewable Energy, Inc. rhichborn@premierpower.com Toll Free: 877.939.0400 EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Premier Power Renewable Energy (OTCBB: PPRW - News), a global leader in the
development, design, engineering and construction of solar power systems
for commercial, government and utility markets in the U.S., Spain and
Italy, announced today that it has broken ground on an additional 1.0
mega watt (MW) solar project in Italy.
The project is located in the Puglia region of southern Italy and is
part of the series of solar projects, valued in excess of $100 million,
that are being developed as a result of Premier Power’s acquisition of
Arco Energy in July 2009. Arco Energy is an Italian solar project
developer, EPC and distributor. The Company expects the fixed ground mount solar installation to be
completed by January 2010. The project will utilize crystalline modules
provided by Canadian Solar and inverters from PowerOne. The installation
will be installed using environmentally friendly racking, ensuring
minimal disruption to the land and surrounding environment. Gestore dei Servizi Elettrici (GSE), the state-run Italian power
management agency, expects total installed PV power in Italy will reach
900 MW by the end of 2009, representing 100% growth compared to 2008 and
a potential market size of over 4 billion Euros. GSE expects the Italian
market to grow to 1500 MW in 2010. The attractive feed-in tariff in
Italy is setting the stage for Italy to become the second largest PV
market in the world, behind Germany. “Our local expertise, through the acquisition of Arco Energy, and our
experience and best practices in both utility scale and rooftop
installations, establish a platform that opens up both immediate
opportunities in the development and construction of large scale
projects in the Italian market and the longer term opportunity of
Italian rooftop and BIPV activities, both of which are rapidly expanding
in the region,” said Miguel de Anquin, chief operating officer of
Premier Power. Premier Power anticipates making further announcements in the very near
term on additional projects in both Europe and the United States. 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 industry's 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 at www.premierpower.com. Forward-Looking Statement 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.
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