| Press Release: August 5, 2009 |
Sierra Nevada Corporation Forms Renewable Energy Joint Venture Partnership Plans Include New Solar Energy Projects in Nevada and Southwest U.S Sparks, Nevada– August 5th, 2009 – Sierra Nevada Corporation President, Eren Ozmen, announces today the formation of a new joint venture between SNC and GA-Solar North America. GA-SNC Solar LLC is dedicated to creating solar renewable energy in Nevada and surrounding states. Through this joint venture, GA-SNC Solar will design, build and install photovoltaic solar generation facilities that generate energy for its customers. GA-SNC Solar is working with local Nevada contractors on the first Nevada based project which is expected to begin later this summer. The company is pursuing future PV solar projects for the federal government, state governments, municipalities, military, tribal organizations, utilities and companies that are large consumers of electricity. This is Sierra Nevada Corporation’s first entry in renewable energy. Sierra Nevada brings the experience of developing and producing large products and programs, while it’s partner GA-Solar, is one of the largest and most experienced providers of solar power in the world. Both companies are privately owned and operated by families with similar company cultures and viewpoints about developing renewable energy. “Renewable energy and energy efficiency have steadily gained popularity in Nevada,” said Greg Cox, Corporate Vice President, Sierra Nevada Corporation. “GA-Solar is a leader in photovoltaic solar generation and is a great partner with the depth and breadth of experience needed to help us enter into this growing energy sector.” “The renewable market is growing because both Federal and State governments are beginning to incentivize the development of renewable power generation and mandate the percentage of energy production that must be produced, said Greg Cox.. “The U.S. renewable market is the largest in the world and we are fortunate to be in a region that has the necessary abundance of sun, wind and geothermal activity for the production of renewable energy.” According to the Department of Energy, Nevada currently ranks second in the Nation for development and use of its geothermal resources and has considerable hydroelectric capacity. In addition, the state recently changed its Renewable Portfolio Standard (RPS) increasing the percentage of renewable energy generation required each year through 2025. The GA-SNC Solar partnership Sierra Nevada and GA-Solar will build photovoltaic facilities — the world’s fastest growing energy technology — to convert sunlight directly into electricity. With the increased need for clean energy sources and open space, Nevada is a prime location for photovoltaic solar generation facilities. About GA-Solar North America Over its 46 year history, SNC has remained focused on providing its customers the very best in diversified technologies to meet their needs and has a strong and proven track record of success. SNC has grown into one of the Top Woman-Owned Federal Contractors in the United States while maintaining its reputation for innovation and agility. The company continues to focus its growth on the commercial sector through internal advancements and outside acquisitions, including the emerging markets of telemedicine, nanotechnology, energy and net-centric operations. For more information on SNC visit www.sncorp.com MEDIA CONTACT: generalinfo@sncorp.com or 775-331-0222 |
