Blue Earth Inc. (NASDAQ: BBLU) on Sept. 30 announced that BE Solar Inc., its wholly owned subsidiary, has entered into an engineering consulting services agreement with a U.S. solar developer based out of the southeast.
The developer is the owner of the approximately 50 MWp solar project to be built in the Pacific Northwest. BE Solar will provide the following engineering services: Civil Engineering and Site Work; Structural Foundation Design; PV Field Design; Medium Voltage, Substation and High Voltage Design. The offtaker for the power generated by the project will be a major electrical utility located in the Pacific Northwest.
“This project is a sign of our ability to grow our solar business and that solar energy participants believe in our execution capability,” stated Bob Powell, CEO of Blue Earth. “When completed this project is expected to validate our model that balances positive cash flows of our EPC business, as in this project, with other opportunities to participate in long-term ownership of projects.”
The project is currently in the final stages of development, pending final city and county Conditional Use Permit (CUP) approvals.
“We are delighted to be selected by this developer as the engineering consultant for this utility scale solar project in the Pacific Northwest,” stated Ruben Fontes, President of BE Solar. “We look forward to completing the engineering design phase and proceeding to the engineering, procurement and construction (EPC) phase during the Fourth Quarter of 2015.”
Blue Earth is engaged in the clean technology industry with a primary focus in alternative/renewable power generation sectors.