The first 3MW, which include the Jarsov (2MW) and Verovice (1MW) projects, will begin the construction immediately. The projects are being completed for local investors.
The company expects the initial 3MW to be completed by July 2010. Premier Power and Plaan Czech will act as co-developer and engineering, procurement and constructions (EPC) partners on all projects under the agreement.
Dean Marks, CEO of Premier Power, said: ”With among the most generous feed-in tariffs in the world, the Czech Republic is quickly becoming one of the hottest solar markets in the world today. We believe we are perfectly positioned to capitalize on its growth as a result of Premier Power’s proven capabilities on the European continent, and our joint development agreement with Plaan Czech.
”Our expansion into the Czech Republic fits with our strategy to establish a strong presence in those European markets where their governments have recognized and are promoting alternative energy, and in particular solar power.”
