Completes Acquisition of Maple Leaf Renewables Group, Inc.
http://www.solarparkinitiatives.com () —
Solar Park Initiatives, Inc. (OTCBB: SOPV), a Florida-based solar energy company dedicated to utility and commercial solar park developments in North America, announced that it has completed the acquisition of Maple Leaf Renewables Group, Inc.
As a result of this acquisition, Solar Park Initiatives acquires all of the assets of Maple Leaf Renewables Group, Inc., which includes a significant list of developing project pipeline assets in Texas and California. The projects range in size from 2Mw up to 100Mw. David Surette, CEO of Solar Park Initiatives stated, "The closing of this acquisition with Maple Leaf Renewables will allow us to broaden our scope and accelerate the process of development in the solar park industry. One of the first projects we acquired is a 10Mw project in southern California. Pending permitting and project finance approvals, this project would generate approximately $40 Million in revenue. We will keep you informed about future projects coming from this exciting acquisition."
About Maple Leaf Renewables Group Inc.
The company has been developing large solar and wind energy projects over the past three years. They are currently working with utility companies, land owners, solar and wind asset manufacturers, equity investors, and debt financiers, as well as other players in the renewable energy industry. The company is focused on delivering high-quality, large-scale solar and wind development projects at a low cost to the marketplace.
Solar Park Initiatives, Inc. Business Strategy
Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects. The Company will 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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