Solar Park Initiatives, Inc. (OTCBB: SOPV), a Florida-based solar energy company, received approval from the Financial Industry Regulatory Authority (FINRA) for trading on the NASDAQ OTC market under the symbol SOPV.OB. This completes the spin-off from Solar Energy Initiatives, Inc. (SNRY) making the company a separate, fully-reporting, publicly-traded company.
David Surette, CEO of Solar Park Initiatives, Inc. (SOPV), stated, "With this approval, the company can move forward with its plans to develop its current pipeline for solar generation facilities starting in the 5 to 10 MegaWatt range in states where land has been secured for the respective projects."
Solar Park Initiatives, Inc. Business Strategy
Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects. The Company will attempt to provide engineering, procurement of products and construction ("EPC") via third party suppliers including its sister company Solar Energy Initiatives, Inc. SOPV will attempt to sell the resultant electrical production to various utilities and large commercial entities through a Power Purchase Agreement ("PPA"). The Company expects to provide energy savings to commercial and municipality users without any out of pocket engineering, procurement or construction ("EPC") costs to those users of energy.
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