Sunvalley Solar Awarded Large Solar Installation Contract in Chino, CA
WALNUT, Calif. , June 6, 2011 /PRNewswire/ — Sunvalley Solar , Inc. (OTCQB: SSOL), a leading provider of solar power technology and solar integration systems, announced that it has signed a 336 Kilowatt commercial solar installation contract with Diamond Wipes International Inc. in Chino, California .
“This is really a remarkable contract for Sunvalley Solar , not only because of the large system size, but because it is also the first commercial solar power system installation contract we’ve signed in the Los Angeles area in 2011. Our sales team continues to develop new contracts in the LA market and currently we are quoting installation dates through 2012. In an effort to decrease our customers’ wait time and increase our revenue we are enlarging our installation work force through new hires, subcontracts and partnerships with other solar installation companies. With this new strategy we expect to complete the majority of projects in 2011 rather than 2012,” said James Zhang , CEO of Sunvalley Solar .
The 336 Kilowatt solar power system is comprised of 3360 solar panels from Tianwei Solarfilms and two solar inverters from PV Powered. The total contracted value is approximately $1.5M .
The contracted solar system is expected to generate 547,696 Kilowatt hours of electricity annually. During the peak months of May through October the system will generate surplus power and earn credits with the utility company, to offset the less sunny winter months.
The installation for this 336 Kilowatt system will begin in July 2011 .