Under the terms of the LOI, the company intends to purchase an equity stake between 30 % and 45% in Skybridge, which is currently developing four early-stage projects capacity of approximately 400MW in the US.
The projects have potential revenues of over $1bn in three years.
Premier Holding Corp CEO and president Kevin Donovan said, "By utilizing our executive chairman Frank Schulte’s 25 years of pioneeering and industry leading expertise throughout Europe in solar power plant developments, project financing partners, and network of manufacturers, suppliers, designers and engineers, we are able to bring enormous value to Skybridge Solar and its approximately 400 megawatts of solar power plant projects under development in the U.S.A."
Skybridge Solar CEO Paul Carey said, "Our partnership with Premier Holding Corp. and WEPOWER Ecolutions will dynamically help us gain increased benefits through higher quality in finished developments with greater efficiencies in the solar power plant projects."
