Premier Power Signed Contracts for More Than 1 Megawatt of Solar Rooftop Installations...

Tue Jul 14, 2009 6:35am EDT
 
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Premier Power Signed Contracts for More Than 1 Megawatt of Solar Rooftop
Installations in Spain This June




EL DORADO HILLS, Calif., July 14 /PRNewswire-FirstCall/ -- 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. and Europe, today
announced that it received signed contracts for more than 1 megawatt (MW) of
solar rooftop installations in Spain during the month of June.

These commercial rooftop projects will utilize crystalline modules provided by
General Electric and cylindrical thin film provided by Solyndra.  This 1MW of
installations will be installed only on commercial rooftops, which remain the
majority of the current installation market in Spain. 

"We continue to see substantial growth opportunity in Spain, reflecting the
tremendous demand for rooftop and building integrated solar energy systems
that are easily integrated into the existing energy transmission
infrastructure," said Bjorn Persson, executive vice president of European
operations for Premier Power.  "The commercial rooftop market is forecast to
become the leading market segment in Spain as sixty percent of Spain's
expected solar energy targets remain unmet.  Our strategic decision to focus
on rooftop installations since our inception over two years ago, combined with
our global experience and unmatched engineering and design expertise, strongly
positions us to capitalize on these opportunities and further build our
leadership role in this fast growing market."

About Premier Power
Premier Power Renewable Energy, Inc. is a leading global provider of large and
small-scale solar power systems, delivering unmatched experience to
commercial, governmental and residential customers throughout North America
and Europe. Premier Power designs, engineers and integrates the solar
industries 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 trades on
the OTC Bulletin Board under the symbol PPRW.OB. Additional information is
available at the Company's website at www.premierpower.com.

FORWARD-LOOKING STATEMENTS 
This release contains certain "forward-looking statements" relating to the
business of Premier Power Renewable Energy, Inc. ("Premier"), which can be
identified by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions. Such forward-looking statements involve
known and unknown risks and uncertainties, including all business
uncertainties relating to reliance on a limited number of customers, market
demand, cyclical nature of our markets, reliance on key personnel, future
capital requirements, competition in general and other factors that may cause
actual results to be materially different from those described herein as
anticipated, believed, estimated or expected. Certain of these risks and
uncertainties are or will be described in greater detail in our filings with
the Securities and Exchange Commission. These forward-looking statements are
based on Premier's current expectations and beliefs concerning future
developments and their potential effects on the company. There can be no
assurance that future developments affecting Premier will be those anticipated
by Premier. These forward-looking statements involve a number of risks,
uncertainties (some of which are beyond the control of the Company) or other
assumptions that may cause actual results or performance to be materially
different from those expressed or implied by such forward-looking statements.
Premier undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required under applicable securities
laws.



SOURCE  Premier Power Renewable Energy

investors, Charles Messman or Todd Kehrli, both of MKR Group, Inc.,
+1-323-468-2300, pprw@mkr-group.com; or media, Jai Ferguson of Weber
Shandwick, +1-425-452-5464, jferguson@webershandwick.com, all for Premier
Power Renewable Energy

 

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