Solar Energy Initiatives Inc. (SNRY) and Solar Energy Alternatives LLC (SEA) have agreed to enter into a marketing, contract, finance, installation and operating agreement for commercial and residential solar photovoltaic installations in the U.S. and certain foreign markets.
Under the terms of the agreement, SEA will handle marketing, power purchase contracts and project financing. SNRY will provide feasibility and due diligence analysis, supply the solar panels and ancillary equipment, contract site engineering and installation of equipment, and operate and maintain the installation.
This agreement brings over $7.2 million in letters of intent, adding to a SNRY project pipeline that now exceeds $60 million.
SOURCES: Solar Energy Initiatives Inc., Solar Energy Alternatives LLC