DEERFIELD BEACH, FL, July 1, 2012 – Green States Energy, Inc. (GSE) announced mid-year performance results for its six North Carolina solar PV generating facilities.  When adjusted for weather and maintenance factors, the combined performance of the solar farms was 106.3% of projections.

GSE Chief Technology Officer Dave Yakerson said, “The most important indicator of the performance of a solar generating facility is the weather and maintenance adjusted figure.  There will always be certain variations in weather, and occasional maintenance impacts – so it is essential to eliminate those variables in order to determine how well a facility is actually operating in comparison to projections.  Needless to say, we are extremely pleased with these results for the first 6-months of operation”.

Green States Energy’s six North Carolina solar farms represent a combined 5.2 MW of solar electricity generation.  The solar farms are located in Clay and Cherokee Counties, and were all placed into service in late December of 2011.

 

About Green States Energy

Headquartered in Short Hills, New Jersey, Green States Energy, Inc. is an Independent Power Producer (IPP) that acquires, develops, and operates clean electric generating plants the Americas and Europe. The Company currently owns 12 operating solar PV power plants in the U.S. with a total capacity of 20MW, and over 100MW under development, which includes solar PV, biomass, and cogeneration/CHP projects.

Certain statements in this press release are “forward-looking statements" within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, the Company’s ability to complete additional acquisitions and other factors. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this presentation.


Contact:
Joseph Duey
Chief Financial Officer
P: (704) 519-6723
jduey@greenstatesenergy.com