Solar Energy Initiatives has signed a letter of intent with a Delaware Charter School to complete a solar PV power project.
The undertaking is designed to utilize approximately 1,325 solar panels and is projected to reduce carbon dioxide emissions by 500 tons annually.
The solar power system is planned for up to 300kW of roof mounted panels.
The company anticipates that the project will commence in 2011, with completion scheduled during the fall of 2011.
Solar Energy Initiatives will serve as the project developer, overseeing the construction process and providing all of the solar equipment and balance of system to the commercial site.
In addition to product sales and services, the company also expects to receive revenue from the management of the sale of the newly generated solar electricity.