$6.5 million project in pipeline for Solar Energy Initiatives

Facebook
Twitter
LinkedIn
Reddit
Email

With its eye on a nationwide move towards the adoption of solar power generation, Solar Energy Initiatives, Inc. has signed a $6.5 million Letter of Intent for the installation of solar panels on school buildings in western U.S. The panels, the size, capacity and manufacturer of which were not disclosed, are expected to be installed within the next few months.

Solar Energy Initiatives’ unnamed equipment supplier will initiate the system, while funding for the project will come from investors. The company will sell the generated solar energy to the school district at a discounted rate.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“We are very pleased with how quickly our Company was able to generate its first multi-million dollar commercial contract,” said David Fann, Chief Executive Officer of Solar Energy Initiatives. “This agreement is proof that our focused and compelling business model presents municipalities with efficient and immediate cost saving opportunities. We are confident that additional commercial organizations will recognize Solar Energy’s low cost, high return solution and add to our now estimated $60 Million project pipeline.”

Read Next

May 30, 2025
Independent power producer (IPP) Aquila Clean Energy has started construction on a 52MW agrivoltaics (agriPV) project in Italy.
May 30, 2025
The US added 7.4GW of new renewable energy capacity in the first three months of 2025, with deployments and planned projects concentrated in Republican-voting states.
May 30, 2025
Solar and wind curtailment have increased by 29% between 2023 and 2024 in California, according to the US Energy Information Administration.
May 30, 2025
Companies delayed or cancelled US$14 billion in investments in clean energy projects in the US in the first four months of this year.
May 30, 2025
Waaree Solar Americas – a subsidiary of Indian solar manufacturer Waaree Energies – has signed a 586MW solar module supply agreement with an undisclosed independent power producer (IPP).
May 30, 2025
Spanish independent power producer (IPP) has unveiled two new solar-plus-storage projects, one in Central Chile and the other in Spain.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia