The shipment will arrive in the US by the end of this month and the construction on the project will commence soon.
Construction will be completed by the end of August 2012 and the solar power plants operational by the end of the year.
Zentric entered into an agreement to purchase Innovative Solar I and Innovative Solar II, each the owner/developer of separate 800kW solar power plants in Leicester, North Carolina valued at $4m each to build.
Each 800KW solar farm will be situated on five acres of leased land and will contain around 3,500 solar photovoltaic panels.
The purchase of each plant includes associated land lease, purchase power agreement and interconnection agreement to the power grid which are in the name of Innovative Solar 1 and Innovative Solar II respectively.
In addition, the Vendor will serve as EPC contractor and be responsible to erect and build to completion each project.
