Jul 06, 2010 (M2 PRESSWIRE via COMTEX) -- Braintree,Ma. LevelStock.com is pleased to announce to all of its members and investors information on Premier Power Renewable Energy, Inc. (OTCBB: PPRW). The Company recently released news as follows:
Premier Power Renewable Energy, Inc. (OTCBB: PPRW), a global leader in the development, design, engineering and construction of solar power systems for commercial, government, and utility markets in the United States and Europe, announced today that the third in a series of 1.0 megawatt (MW) solar power plants it designed and constructed for customers in Italy is operational and was connected to the power grid on June 30.
"San Giorgio Jonico is the third in a series of 1.0 MW Italian solar power plant projects, following the Laterza 1 and Monteparano plants, which we connected to the Italian power grid before the end of the first half of 2010," said Dean R. Marks, chief executive officer of Premier Power. "The experience we've obtained from these projects has been invaluable," he added.
Similar to the Monteparano solar power plant that was connected to the power grid on June 29, Premier Power Italy, SpA has connected the San Giorgio Jonico solar power plant to the Enel electric power grid. With a presence in 23 countries, Ente Nazionale per l'Energia eLettrica, or Enel SpA, is Italy's largest power company and provides more than 40,000 MW of generating power to serve over 32 million customers in Italy.
This project is a part of the series of solar projects being developed by Premier Power for clients in Italy. San Giorgio Jonico is a 1.0 MW power plant connected to a 20 kilovolt (kV) medium voltage Enel line.
To produce electric power at San Giorgio Jonico, 230 watt crystalline silicon (cSi) modules fabricated by Canadian Solar (NASDAQ: CSIQ) and 330 kilowatt (kW) Aurora Inverters manufactured by Power One (NASDAQ: PWER) were selected. Employing Premier Power's "leave no trace" philosophy, this project utilizes an environmentally friendly racking system attached to the ground using 1 meter (3 foot) long steel screws, ensuring minimal disruption to the land and surrounding environment.
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 has common stock quoted 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 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.
About LevelStock.com
We are an investor community and investors relations website specializing in emerging growth stocks in today's Hot Sectors and providing a platform of services for SmallCap, MicroCap, NanoCap Companies.
We encourage everyone to join our social media sites:
Free Subscription For Our Newsletters: http://www.levelstock.com/
FaceBook: http://www.facebook.com/group.php?gid=283660480870
Twitter: http://twitter.com/levelstock
LevelStock.com is not a registered investment advisor or broker-dealer. The information here is believed to be reliable, but not guaranteed to be accurate by LevelStock.com Please be advised that the information contained may or may not be complete and is solely for informational purposes only. Please read our full disclaimer for complete risks and disclosures http://levelstock/news.php?viewStory=19
CONTACT INFO: LevelStock.com 288 Grove Street Suite 181, Braintree, MA 02184
CONTACT: LevelStock.com e-mail: support@levelstock.com