Solar Energy Initiatives, Inc. and Solar Energy Alternatives, LLC Enter Long-Term Solar Projects Agreement

PONTE VEDRA BEACH, Fla. & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Solar Energy Initiatives, Inc. (“SNRY”) (OTCBB:SNRY), and Solar Energy Alternatives, LLC (“SEA”) have agreed to enter into a marketing, contract, finance, installation and operating agreement for commercial and residential solar photovoltaic installations in the Unites States and certain foreign markets.

Under the terms of the Agreement SEA will handle marketing, power purchase contracts, and project financing. SNRY will provide feasibility and due diligence analysis, supply the solar panels and ancillary equipment, contract site engineering and installation of equipment, and operate and maintain the installation. This Agreement brings over $7.2 Million in Letters of Intent adding to a SNRY project pipeline that now exceeds $60 Million.

Commenting on the announcement, Greg Bakeman, President of SNRY said, “Paul and Terrell bring projects and financing contacts that complement our core competencies of configuring, supplying and installing photovoltaic systems that effectively manage the cost of electricity for commercial clients. This Agreement has far reaching opportunities for both companies and their associates.”