NEW JERSEY, June 30, 2014-- Green States Energy, Inc. (BH: GSE), a leading clean energy independent power producer, announced it has completed construction of its 3.6MWDC solar array in the Town of Shirley, MA. The project is comprised of approximately 12,830 photovoltaic (PV) solar panels, which were installed by S&C Electric Company, in conjunction with Green Earth Developers.

The project is situated on 23 acres of Shirley Water District land. Town of Shirley Energy Committee Chairman Bryan Dumont said, “This has been a perfect example of a cooperative effort between two governmental entities working for the good of the entire community. The new system will deliver enough electricity to power 630 homes every year in Massachusetts, lowering municipal electricity bills and providing a substantial new revenue stream over the next 20 years.”

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’d also like to thank the fine folks at the Town of Shirley, Shirley Water District, and Devens Municipal Electric, as this project would not have taken place without their hard work and dedication.”

The project was co-developed with Empower Energies, Inc. and EPG Solar, and will deliver approximately 4,800 MWh of electricity annually to the Deven’s Utilities Department, a subsidiary of MassDevelopment.

“Projects like this one are characterized by a complex set of transactions, followed by the interaction of an array of companies with disparate but interdependent skill sets,” said Len Jornlin, CEO of Empower Energies. “As developer on the Devens project, we were thrilled to serve as the hub of these skill sets. It enabled us to connect the dots, and help our co-developer EPG Solar to get the project over the finish line for Green States Energy and the Town of Shirley.”

“What a great fit this is for us,” said Stephen Clevett, CEO of Green States Energy. “As an owner and operator of community-based clean electric generation plants, we want to work with customers and partners who share our values, and are moving forward for the right reasons. We found that here, and we look forward to being part of the Devens and Shirley communities for 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 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