Green States Energy, Inc. Completes 4.2MW Solar Project in Sandwich, Massachusetts
NEW JERSEY, May 25, 2014-- Green States Energy, Inc. (BH: GSE), a leading clean energy independent power producer, announced it has completed construction of its 4.2MWDC solar array in the Town of Sandwich, MA – the oldest Town on Cape Cod.
The project is situated on 17 acres of private land, and is surrounded by 16 acres of conservation open space. The site is located adjacent to the Massachusetts Military Reservation, formerly known as “Otis Air Force Base”. The system will deliver enough electricity to power more than 700 homes every year in Massachusetts, and is projected to save the Town of Sandwich millions of dollars in electricity costs by way of its agreement to purchase the energy credits generated by the system.
The project was built by S&C Electric Company, in conjunction with Green Earth Developers.
Stephen Clevett, CEO of Green States Energy, said, “we could not be more pleased with the mutual cooperation of our development and construction partners, as well as our neighbors here in Town. We are especially pleased that this project will provide such significant and long-lasting benefit to the oldest town on Cape Cod by offsetting most of its annual electricity usage. We look forward to being part of this historic community for many years to come.”
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 11 operating solar PV power plants in the U.S. with a total capacity of more than 15MW, with another 3.6 MW under construction 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.
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