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Valos Solar Ventures and Gehrlicher Solar America Corp. announce joint-development of solar systems in California  August 19, 2012 – 01:46 am
SEC Info - HSBC Finance Corp - FWP - HSBC Finance Corp - On 8/29/06

(13/07/2012)

Springfield, N.J. Valos Solar Ventures and Gehrlicher Solar America Corp. today announced a strategic joint-development agreement focused on providing solar energy to the investor and municipal-owned utilities in California.

The companies are working together to develop sites for PGE, SCE, SDGE and Municipal Utilities for their RFO, RAM and Renewable RFPs as well as the recently approved Virtual Net Metering Bill SB 843. These sites are situated in high irradiance locations with available Interconnect capacity. The team has 235MW of projects in development with Gehrlicher providing the Utility-scale PV plant EPC.

“We believe strongly in the future of solar energy as a viable source for the country, not only from an environmental perspective but also as a competitive alternative to fossil fuel generation, ” said Hugh Tarpley, CEO of Valos Solar Ventures. “We are pleased to team with Gehrlicher, a proven leader in the development, design and construction of utility-scale PV systems for the highly competitive California market.”

Stefan Parhofer, CEO of Gehrlicher Solar America Corp. commented, “This is a very important coupling of unique talents, combining Valos’ development capability with Gehrlicher’s large-scale PV system expertise. This partnership enables our vision of providing PV systems to the California market in which utilities can source electricity under grid-parity over the system’s lifetime. We look forward to working with Valos and their customers to provide this important energy solution.”

Source: Power From Solar

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