Premier Power Receives Investment From Genalta

Premier Power Renewable Energy Inc., a developer of solar power systems for the commercial, government, and utility markets, says that Genalta Power Inc., a Canada-based clean power generation company, has made a $2.35 million strategic investment in Premier Power in exchange for 2.35 million shares of preferred stock.

‘We've worked hard to bring solar to the global marketplace and this investment will further allow Premier to manage and attract profitable projects worldwide,’ says Dean Marks, Premier Power chairman and CEO. The company plans to focus on the construction of solar power plants in the Ontario market, which Marks says offers one of the most attractive feed-in tariffs in the world.


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