Principal Solar High-Value Acquisition Strategy: Offers Solar Owners & Developers Exceptional Upside, Easier Transactions w...
April 22 2014 - 9:27AM
Business Wire
Developers of shovel-ready or operating solar
utility projects align with PSI
Principal Solar, Inc. (“PSI”; OTC Pink: PSWW), a publicly
traded solar energy holding company executing a unique roll-up
strategy to create The World's First Distributed Solar Utility™,
announces that it has the resources and intent to purchase and
finance multiple solar projects. As the key piece in its
strategy to build a large-scale, geographically distributed solar
utility, Principal Solar is aggressively looking to buy operating
projects and finance shovel ready projects.
“A growing number of brokers
and investors are moving into the solar space, a
trend which is validating our strategy,” says Dan Bedell,
executive vice president of Corporate and Strategic
Development, PSI. “We have a unique value proposition: we are
a long-term, owner/operator partner – a perfect complement to
developers – not merely a short-term investor. We can deliver the
full capital stack, not simply the debt or equity
component of the financing structure. Our deep power industry
experience and intent to partner with our developers on future
projects means we offer more strategic value, financial upside and
easier transactions.”
Michael Martin, executive vice president, Business Development,
PSI adds, “We want the solar community to know that we can be
its one-stop shop and a repeat business partner if they’ve got
shovel-ready or operating projects. Typically, the builder from
whom we purchase projects will have the opportunity to also own a
piece of Principal Solar. We’re building something different—a
publicly traded, pure-play solar utility. I would encourage owners
of large scale commercial distributed generation projects and
utility projects, and developers of shovel-ready utility
projects, to contact our business development team:
dan.bedell@principalsolar.com and
michael.martin@principalsolar.com.”
About Principal Solar
Principal Solar, Inc (PSI; OTC Pink: PSWW), is a publicly traded
solar energy holding company executing a unique roll-up strategy to
create The World's First Distributed Solar Utility TM. PSI
concentrates its resources on the acquisition, finance,
development and management of solar power companies. The Principal
Solar Institute, an educational organization created by Principal
Solar, Inc., is dedicated to spreading solar knowledge to the
critical stakeholders in the ongoing energy debate. Visit
www.PrincipalSolar.com.
CPR for Principal Solar, Inc.Joelle Caputa, 201-641-1911
x54Jcaputa@cpronline.com
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