The MOU outlines a joint venture, whereby the partners will operate on a 50-50 basis for all UK projects.
The first of these projects is planned for development in phases up to 10MW at Four Rivers’ 41-acre industrial site and adjacent land assets, located in Northumberland, North East England.
The partners will utilize Noble’s cutting edge technology, which as a first phase, will be installed inside Four Rivers’ 41-acre site on undeveloped land, along with the roofs of existing buildings.
The companies said they will immediately commence a period of mutual due diligence, with their plan being to execute formal documentation and commence installation of the first phase of the project during the second quarter of 2011.
Four Rivers is focused on realizing the potential to produce and sell energy from sustainable waste and renewable feedstocks.
Noble is a manufacturer of both monocrystalline and polycrystalline PV solar modules.
