Sunvalley Solar (OTC:SSOL) announced today that it has signed a commercial solar installation contract with Aqua Farming Tech, Inc. in the city of Thermal, California. Shares of Sunvalley Solar were very active today gaining more than 60 percent to just over 2 cents per share on very heavy volume of nearly 50 million shares.The system size of this contract is 294.88 kilowatts and is comprised of 3140 solar panels from Tianwei Solarfilms and two 100KW and two 35KW solar inverters from PV Powered. The total contracted value is approximately $1,375,550. The contract is supported by ~$646K of solar incentive rebates from the local utility company and ~$405K of Federal Tax Cash Grants from the Federal Treasury Department.
The solar system is expected to generate 506 Kilowatt hours of electricity annually. During the peak months of May through October the system will generate surplus power and earn credits with Imperial Irrigation District Utility, offsetting the less sunny winter months.
Installation of the Aqua Farming Tech, Inc. 294.88KW solar system and other systems in the Palm Desert area will begin in early 2011.
Sunvalley Solar is a solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipments, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in lowering of utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy.
To learn more, visit www.sunvalleysolarinc.com.
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