Premier Power Renewable Energy said that its Spanish solar project development and construction operations have reached record contract backlog in its first quarter of 2010, with more than 3MW of residential and commercial photovoltaic rooftop contracts secured.
CEO Dean Marks said that “the change in the timing of the permitting process by the Spanish government at the beginning of 2009 delayed our ability to recognize Spanish rooftop revenue during the year, despite record order intake. We have continued our momentum with record contract backlog in the first quarter of 2010, representing more than a 100% increase over this time last year.”
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“With a majority of Spain’s rooftop solar energy targets unmet, and increased government support of rooftop solar systems through a revised feed-in-tariff, the commercial rooftop market has become the leading solar market segment in Spain,” he continued.
“We continue to see a substantial growth opportunity in Spain for rooftop and building integrated solar energy systems, and with our global experience and engineering and design expertise, we feel we are strongly positioned to continue our leadership role in this growing market,” Marks concluded.
