Premier Power announces record contract backlog in Spain

EL DORADO HILLS, USA: Premier Power Renewable Energy Inc., a leader in development, design, engineering and construction of solar power systems for commercial, government and utility markets in the US, Spain and Italy, announced that its Spanish operation has reached record contract backlog in its first quarter of 2010 with more than 3MW of solar rooftop contracts secured.

“The change in the timing of the permitting process by the Spanish government at the beginning of 2009 delayed our ability to recognize Spanish rooftop revenue during the year, despite record order intake,” said Dean R. Marks, CEO of Premier Power. “We have continued our momentum with record contract backlog in the first quarter of 2010, representing more than a 100 percent increase over this time last year.

“With a majority of Spain’s rooftop solar energy targets unmet, and increased government support of rooftop solar systems through a revised feed-in-tariff, the commercial rooftop market has become the leading solar market segment in Spain. We continue to see a substantial growth opportunity in Spain for rooftop and building integrated solar energy systems, and with our global experience and engineering and design expertise, we feel we are strongly positioned to continue our leadership role in this growing market.”