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Akeena could enter new U.S. markets this year--CFO

Thu Apr 3, 2008 7:24pm EDT

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LOS ANGELES, April 3 (Reuters) - Akeena Solar Inc (AKNS.O), which installs solar power systems for homes and businesses, could enter new U.S. markets later this year, its chief financial officer said on Thursday.

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The company, which currently operates in California, New Jersey, New York and Connecticut, is "looking at a couple of additional states" with favorable electricity rates and "large and sustainable incentives" for solar power, Akeena CFO Gary Effren said in an interview.

As an example, Effren said Colorado was a market that satisfied those conditions.

He declined to name other states the company was considering, but when asked if Akeena could enter new states this year, he said: "It could happen." (Reporting by Nichola Groom; Editing by Andre Grenon)

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