Solar Energy secures land for solar park

Solar Energy Initiatives Inc. has announced that the Company’s wholly owned subsidiary, Solar Park Initiatives, have signed a contract securing land for the design, construction and operation of a solar park in California. Solar Park Initiatives will be responsible for providing engineering, permitting, construction, operations and maintenance as well as obtaining the financing of the solar park. Solar Energy Initiatives will procure the solar panels and balance of system for the project. Solar Park Initiatives will begin preliminary work, including zoning, permitting, EPA approvals and other activities immediately with construction estimated to begin in late 2010. The contract possesses a 25 year life with additional renewal options. The 100MW project will be constructed in various increments over a three-year time frame.
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