This funding will support Solar Energy Initiatives pipeline of projects currently in various stages of development.
The agreement also allows the potential for follow on investment into additional projects.
The companies aim is to reach a final agreement within the next 30 days so that construction may begin in the near future.
Solar Energy Initiatives CEO David Fann said that this agreement marks the next evolution for Solar Energy Initiatives.
"The completion of these projects along with our focused approach to the market presents SNRY significant growth and revenue opportunities now and into the future," Fann said.
