Companies Pursuing Joint Development Of 1 MW In California


Blue Earth Inc. says its wholly owned subsidiary, Xnergy Inc., has entered into a development and financing agreement with Greenwood Biosar LLC, a joint venture company between Greenwood Energy and Biosar SA, to construct six California-based solar projects totaling approximately 1 MW.

Dubbed the Sunvalley Projects, the installations will consist of both ground- and rooftop-mounted systems at private businesses in Southern California. Construction has already begun, and the companies expect all the projects to be completed by the first quarter of 2013.

Greenwood Biosar will support Xnergy in the development of the Sunvalley Projects by supplying PV panels and other balance-of-plant equipment, as well as providing construction financing.

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