Premier Power Announces Record Solar Rooftop Contract Backlog in Spain
Government support for solar in Spain and a revised feed-in-tariff have made commercial solar rooftops the leading solar market segment. Premier Power reports a record contract backlog in the first quarter of 2010, representing more than a 100% increase over this time last year.
El Dorado Hills, CA, May 10, 2010 --(PR.com)-- Premier Power Renewable Energy (OTC Bulletin Board: PPRW), a global leader in the development, design, engineering and construction of solar power systems for commercial, government and utility markets in the U.S., Spain and Italy, announced that its Spanish operation has reached record contract backlog in its first quarter of 2010 with more than 3MW of solar rooftop contracts secured.
"The change in the timing of the permitting process by the Spanish government at the beginning of 2009 delayed our ability to recognize Spanish rooftop revenue during the year, despite record order intake," said Dean R. Marks, chief executive officer of Premier Power. “We have continued our momentum with record contract backlog in the first quarter of 2010, representing more than a 100% increase over this time last year.
"With a majority of Spain’s rooftop solar energy targets unmet, and increased government support of rooftop solar systems through a revised feed-in-tariff, the commercial rooftop market has become the leading solar market segment in Spain. We continue to see a substantial growth opportunity in Spain for rooftop and building integrated solar energy systems, and with our global experience and engineering and design expertise, we feel we are strongly positioned to continue our leadership role in this growing market," concluded Marks.
Premier Power Renewable Energy, Inc. is a leading global provider of large and small-scale solar rooftops, delivering unmatched experience to commercial, governmental and residential customers throughout North America and Europe. Premier Power designs, engineers and integrates the solar industry's leading products. Premier Power's technologies and services have enabled its customers to maximize clean energy output along with project savings. Today, Premier Power designs and deploys the most innovative solar electric systems through market-leading innovation and exceptional customer service. Premier Power is headquartered in El Dorado Hills, CA and has common stock quoted on the OTC Bulletin Board under the symbol PPRW.OB.
###
"The change in the timing of the permitting process by the Spanish government at the beginning of 2009 delayed our ability to recognize Spanish rooftop revenue during the year, despite record order intake," said Dean R. Marks, chief executive officer of Premier Power. “We have continued our momentum with record contract backlog in the first quarter of 2010, representing more than a 100% increase over this time last year.
"With a majority of Spain’s rooftop solar energy targets unmet, and increased government support of rooftop solar systems through a revised feed-in-tariff, the commercial rooftop market has become the leading solar market segment in Spain. We continue to see a substantial growth opportunity in Spain for rooftop and building integrated solar energy systems, and with our global experience and engineering and design expertise, we feel we are strongly positioned to continue our leadership role in this growing market," concluded Marks.
Premier Power Renewable Energy, Inc. is a leading global provider of large and small-scale solar rooftops, delivering unmatched experience to commercial, governmental and residential customers throughout North America and Europe. Premier Power designs, engineers and integrates the solar industry's leading products. Premier Power's technologies and services have enabled its customers to maximize clean energy output along with project savings. Today, Premier Power designs and deploys the most innovative solar electric systems through market-leading innovation and exceptional customer service. Premier Power is headquartered in El Dorado Hills, CA and has common stock quoted on the OTC Bulletin Board under the symbol PPRW.OB.
###
Contact
Premier Power Renewable Energy, Inc.
Rita Edwards
877-939-0400
www.premierpower.com
Rita Edwards
877-939-0400
www.premierpower.com
Contact
Categories