* Project Could Reach $80 Million * Solar Park to be Located in One of the USA's Ideal Solar Geographic Regions PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Energy Initiatives, Inc. (OTCBB:SNRY), executing on a grass roots campaign, “RENEW THE NATION”, to help redeploy a portion of the U.S. work force and focus on reducing the world’s dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, today announced that the Company signed a contract securing land for the design, construction and operation of a solar park in Southern California. The project could generate over $80 million in revenue within a 5-year time period. Construction of up to an 18 megawatt system represents Solar Energy Initiatives first contract in the rapidly expanding solar park market. Preliminary work, including zoning, permitting, EPA and other activities, is expected to begin immediately. At full capacity, the solar park could generate enough green renewable energy to displace over 55,600 metric tons of carbon emissions, annually, that would have otherwise been produced by non-renewable power generation. The project could produce enough energy to provide power to more than 3,000 homes. Solar Energy Initiatives, Chairman, Brad Holt, who initiated this project stated, "Our entire organization is excited to announce this groundbreaking solar park agreement. Our Company was chosen over several other solar development firms, including some who far exceeded us in size. The landholder's confidence in the team we have assembled allowed us to be granted this monumental contract. While working with the landholder, we assembled a world class development team from within our own ranks, a construction crew with extensive knowledge in renewable projects and a finance team with over 15 years of experience in energy financing. We are all excited and prepared to commence work on this project which will be completed over the next several years and may lead to future projects for the SNRY team."
