Sep 16 2010
Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL), a leading provider of solar power technology and solar system integration company, announced that it has signed its largest commercial solar installation contract to date with Long Life Farms, Inc.
The dramatic, 804 Kilowatt installation, Inc, located in Thermal City, CA (Palm Springs area) includes three solar systems comprised of 8,460 solar panels and has a total contracted value of over $3.69M. Sunvalley Solar will design and install these solar power systems at Long Life Farm, one of the largest farms in U.S., with 172 acres of vegetable fields and 5 acres of fish ponds. With more than 40 years of experience, Long Life provides fresh vegetables and fish to supermarkets in California, Oregon and Canada.
"The solar power systems are a fantastic addition to our business and look great on our farm. They will provide most of the electricity we need and reduce the utility bill tremendously for our irrigation system and vegetable/fish fresh storage," said Ken Ka Vong, President of Long Life Farms. "Besides, we're on the cutting edge of a green revolution, which is important to us and to our green and organic food consumers."
The solar system is expected to generate 1,446,464 Kilowatt hours of electricity annually. During the peak months of May through October the system will generate surplus power and earn credits with Imperial Irrigation District Utility, offsetting the less sunny winter months. Over its lifetime, Long Life Farms' solar installation is expected to offset an estimated 55 million pounds of carbon dioxide, the equivalent of planting 26,418 trees.
"This contract is particularly meaningful to us. It is our first and largest system with thin film solar panels," said James Zhang, CEO of Sunvalley Solar. "We will work closely with Tianwei Solarfilms, PV Powered, Long Life Farms and the City of Thermal to ensure that the system will provide the maximum benefit for the client. We are working together with other farms in the Palm Springs and Thermal City areas to introduce the option of solar power as a cost–efficient, eco-friendly alternative to traditional electricity. This is just a start in our overall strategic plan to be the dominant supplier of solar products to the Palm Springs market segment."
The installation for Long Life Farms, Inc. will begin in January of 2011.
Source: http://www.sunvalleysolarinc.com/