October 12, 2010

Solar Park Initiatives Signs Letter of Intent to Build up to a 1 GigaWatt Solar Park in California

Solar Park Initiatives, Inc., a Florida-based solar energy company dedicated to utility and commercial solar park developments in North America, announced that it has signed a Letter of Intent to develop a 1GW solar park in California.

Solar Park Initiatives, Inc. has signed a Letter of Intent to develop approximately 5,000 acres of land for the design, construction and operation of up to a 1GW solar park in California. It is anticipated that the project will generate up to $3.5 Billion in revenue if fully completed. Solar Park Initiatives will partner with a California developer to complete the project which is subject to permitting and financing approvals.

David Surette, CEO of Solar Park Initiatives, stated, "Solar Park Initiatives continues to search for good opportunities in the solar sector and develop host sites and relationships for its optimal use and value. This is a great opportunity for our company and we will keep investors informed of our progress on this very sizable project."

Source : Press Release

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