Premier Power Renewable Energy to install 300kW solar photovoltaic system at the CHE Medical Building

Premier Power Renewable Energy (OTCBB: PPRW), a global leader in the development, design, engineering and construction of solar power systems for commercial, government and utility markets in the U.S. and Europe, today announced that it has contracted with Soar Energy Partners, LLC to install a 300kW solar photovoltaic system at the CHE Medical Building in Lakewood, NJ.

The project will utilize the cylindrical thin film technology developed by Solyndra to maximize the use of both direct sunlight as well as diffused light and reflectivity off the medical building’s white roof. The solar system will save the medical center approximately $84,000 per year in utility costs, while generating approximately $190,000 annually in SREC revenue for Soar Energy Partners, LLC. Approximately 325 tons of greenhouse gases will be avoided in year one by using the solar photovoltaic system. Soar was advised on this transaction by Sunleit Partners, a renewable energy advisory firm. Sunleit and Premier Power are currently collaborating on several other project development opportunities.

Dan Czermak, CEO of Soar Energy Partners, stated, “We are pleased to be working with Premier Power on this important project to help the medical center continue its tradition of leadership in the Lakewood community. With Soar Energy Partners owning and operating the solar system they can take full advantage of the tax and renewable energy credits, while the medical center will be able to obtain electricity at a more affordable price than it would otherwise be able to obtain on its own.”

“We are very pleased that Soar Energy Partners selected Premier Power to develop the system for them,” said Stephen Clevett, Premier Power’s Executive Vice President. “Using solar power to assist the CHE Medical Center fulfill its mission to the community, complements our core mission as a company as well. We're very pleased to work with CHE Medical Center, Soar Energy Partners and Sunleit Partners to set a practical example of affordable, sustainable and clean energy for healthcare facilities nationwide.”