Blue Earth, Inc. a renewable energy and energy efficiency services company, announced today that its wholly owned subsidiary, Xnergy Inc. signed two agreements totaling approximately 4 megawatts with National Energy Partners, LLC ("NEP") for the sole purpose of building and providing operational services for custom solar PV rooftop power systems for 24 schools in Hawaii.
Nine of the schools are located on the Island of Oahu and 15 of the schools are located on the Island of Kauai, which constitutes the majority of the Kauai Complex Area School System.
The announcement is a follow up to our March 26, 2013 news release stating the agreement for 3 megawatts on 15 schools for approximately $4.5 million in EPC revenue. The parties subsequently contracted for another 1 megawatt with the addition of 9 more schools.
NEP will provide the construction financing for the projects. The projects are expected to begin construction during the second quarter of 2013 and are targeted for completion during the fourth quarter of 2013.
National Energy Partners (NEP) is a renewable energy company based in Mount Laurel, NJ. Renewable energy based businesses are among the fastest growing sectors of our economy. Specializing in the development of photovoltaic solar electrical systems, NEP works with leading companies in their pursuit towards a greener society.
"NEP is proud to be working together with Hawaii Pacific Solar as well as Xnergy for this portfolio of projects for the Hawaii Department of Education. We are eager to help provide the schools with an abundance of clean, renewable electricity using the power of the Hawaiian sun," stated Louis Sabec, Managing Member at National Energy Partners.
Xnergy is a full-service EPC (Engineering, Procurement, Construction) firm, which has engineered, installed, and/or commissioned over 100 MW of alternative energy systems. Xnergy provides a broad range of comprehensive energy solutions including the design and implementation of energy savings projects, energy conservation, energy infrastructure outsourcing, power generation and energy supply and risk management. Xnergy serves private and public clients from all industries throughout the western United States, including Hawaii, and helps them minimize their energy consumption and reduce their carbon footprint.
"We are excited about this relationship with NEP," stated D. Jason Davis, CEO of Xnergy, Inc. "NEP is recognized nationally as a leading renewable energy developer with a strong track record in enabling public and private entities to meet their economic and environmental objectives. Providing our services to NEP represents an important strategic development and we look forward to working with NEP on other solar PV projects."
NEP believes that the future energy demands must be met with minimal liability on the nation's economy, and less impact on the environment. That's why NEP is committed to help clients realize the benefits and savings of clean energy while reducing high up-front capital investment. The company develops, finances, manages and operates solar projects either through distributed energy or solar farm systems.