Solar Energy Initiatives, Inc. (SNRY.OB) Announces Signing of Financing Agreement for Municipal Solar Projects
QualityStocks (November 18th, 2009) Writes:
Solar Energy Initiatives, Inc. this morning announced that it has signed a Financing and Joint Marketing Agreement with a Municipal financial services company located in the Western U.S. This agreement mandates that the financial services institution exclusively market Solar Energy Initiatives solar solutions to over 100,000 municipalities.
According to the terms of the agreement, the financial institution will also have the ability to provide project based financing for any contract that it brings to Solar Energy Initiatives. Solar Energy Initiatives receives revenues from the sale of the solar equipment as well as the sale of the generated energy sold to the municipality, recognizing energy sales over a 20–25 year contract period.
“Solar Energy Initiatives is very pleased to have secured a prominent partner in our efforts to RENEW THE NATION and provide solar energy to municipalities throughout the United States,” stated David
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