ATLANTA, GA, July 18, 2010
/24-7PressRelease/ -- Renewvia Energy Corporation, in cooperation with Aha Macav Power Services (AMPS), and Clean Energy Capital, announced today the commencement of operations of a 4kw solar test facility located on the Fort Mojave Indian Reservation which spans areas in California, Arizona and Nevada. As an initial step towards the full development, the test facility is collecting valuable production data on the latest thin-film solar modules from Sharp Solar while providing power to the Fort Mojave Indian Tribe through the AMPS electrical grid. When testing is completed, the partnership will create one of the largest solar thin film photovoltaic farms in the United States.
"These new solar modules are particularly well suited to the high temperatures of the Arizona desert. It was a sizzling 115 degrees the day that the system went live on the AMPS grid and we are pleased with the system performance," said Marion Smith, President of Renewvia, who turned the system on at the test site.
Renewvia teamed with AMPS to build the module test facility while in discussions to finalize a joint venture agreement with the Fort Mojave Indian Tribe to develop a 24.4MW solar farm installation at a capital cost of $80 million. "The Fort Mojave Tribe, together with AMPS, has been diligently working to bring solar resource development to the reservation. The completion of this test facility is another important step in the right direction," said Bill Cyr, General Manager of AMPS.
Clean Energy Capital, a national investment banking firm, facilitated the testing arrangements with AMPS. "When completed, this solar generating facility will be a win-win, helping to meet regional demand for clean energy while furthering the Tribe's land management objectives," said David M. Moore, Managing Director of Clean Energy Capital.
Renewvia is currently marketing to various utilities in the southwestern United States. A power purchase agreement is expected to be signed by the first quarter of 2011
About Renewvia Energy Corporation:
Renewvia develops, builds and operates central and distributed solar power systems. Renewvia manages every aspect of the solar power development process and is headquartered in Atlanta, Georgia. For more information go to http://www.renewvia.com.
About Aha Macav Power Services:
AMPS is a full service electric utility wholly owned by the Fort Mojave Indian Tribe. Since 1991 AMPS has provided all transmission, distribution and customer related services to the residents and businesses of the Fort Mojave Indian Reservation.
About Clean Energy Capital:
The principals of Clean Energy Capital provide investment banking and financial advisory services to companies operating in the renewable power and clean technology infrastructure sectors. Their core focus is project financing of renewable energy infrastructure investment. They combine broad knowledge of the US electric utility sector with specialization in structured finance, tax credits, and debt and equity private placements. They help companies raise expansion capital and project financing in order to bring renewable power plants into commercial operation. They also advise utilities, project developers, and investors on the complex issues of project finance. For more information please visit http://www.cleanenergycap.com.
About Fort Mojave Indian Reservation
The Fort Mojave Indian Reservation is located along the Colorado River in the vacinity of Needles, California. The Reservation covers nearly 42,000 acres in the tri-state area of Arizona, California, and Nevada. The land is divided into three major segments: 23,669 acres in Mojave County Arizona; 12,633 acres adjacent to Needles, California; and 5,582 acres in Clark County, Nevada. Tribal headquarters are located in Needles, California. Recreation opportunities abound, whether it is gambling at one of the two Tribal casinos on the reservation, boating or fishing along the Colorado River, staying at the Avi Resort & Casino's full-service hotel, hitting the links at the Mojave Resort PGA Championship Golf Course or enjoying the comforts of home away from home in the RV parks, located adjacent to either casino. For more information go to http://www.fortmojave.com.
---
Press release service and press release distribution provided by http://www.24-7pressrelease.com# # #
Read more Press Releases from Colleen Murphy:
