LevelStock.com: Premier Power Signs Memorandum of Understanding for Financing U.S. Solar PV Projects

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 U.S., Spain and Italy, today signed a Memorandum of Understanding with REgeneration Finance, LLC. to fund solar PV projects throughout the United States.

The initial projects slated for financing under this arrangement are all currently under development by Premier Power, range in size from 250kW to 2MW, and are to be constructed by Premier Power in CA, NC, NJ and PA. The projects will all be co-developed by Premier Power and REgeneration Finance.

Dean R. Marks, chief executive officer of Premier Power, said: "The combination of Premier Power and REgeneration Finance will bring a unique focus to our 'distributed generation' projects, allowing us to offer our customers a fully integrated solution built on leading-edge project financing coupled with in-house, world-class execution. This unique combination allows us to provide 'single point certainty' on our projects, through which our customers can rely on one source for development, engineering, installation, asset management and financing. We are delighted to be working with REgeneration Finance and expect these first projects to be the first in a number of major developments that build on our combined capabilities as a leader in sustainable initiatives."

Todd Friedman, vice president of REgeneration Finance, said: "REgeneration Finance is committed to the development of the solar space through the utilization of best practices. REgeneration Finance and Premier Power, working collectively, are able to offer industry-leading finance, engineering, installation and asset management with zero out-of-pocket costs to our collective customers. REgeneration Finance is thrilled to be working with Premier Power and is looking forward to developing a robust portfolio together."

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.

About REgeneration Finance, LLC.

REgeneration Finance is an experienced developer of solar energy systems, providing solar energy power to municipal, commercial and non-profit entities. Through a financial structure that fully utilizes various federal and state benefits, REgeneration Finance allows its clients to receive all the financial and social benefits of renewable energy, including reducing their carbon footprint, with no initial capital investment. In fact, our customers typically receive substantial energy savings over what they would have otherwise paid to their respective utility. REgeneration Finance is able to provide such savings through an efficient capitalization of renewable energy tax credits along with traditional forms of financing. REgeneration Finance has offices in Harrison, NY and San Francisco, CA. For more information, please contact Todd Friedman by calling 914-319-3302 or by emailing the firm at info@regenerationfinance.com. www.regenerationfinance.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.

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