Scotts Valley, CA (PRWEB) May 25, 2012
Session Solar, a leading solar distributor, specialist in solar project development, and manufacturer of Creotecc Solar Mounting Systems, today announced that Meridian Electrical Associates (Meridian) of Beverly, MA has broken ground on a 513 kW solar project for the Christina Seix Academy in Trenton, NJ. It is expected to generate more than 560,000 kilowatt-hours of clean, renewable energy per year – enough to power 100 single family homes for one year.
The 513 kW project, being installed by Meridian, will utilize Session Solar’s innovative Creotecc ground mount system CREOTERRA, 2,184 SCHOTT Solar modules and 2 SMA Sunny Central inverters. The system will be monitored by Deck Monitoring.
“Session Solar is excited at the opportunity to partner with Meridian and provide high quality solar equipment for this project, including CREOTERRA, our ground mount system designed to save on both material and labor costs”, said Cale Garamendi, Project Developer for Session Solar.
The Christina Seix Academy project will generate a significant revenue source through the New Jersey Solar Renewable Energy Credits Program (SREC’s), which allows them to sell electricity back to the utility provider. One SREC is equivalent to 1,000 kWH of electricity. All SREC’s generated during the first 15 years of operation are eligible to be sold either on the spot market or under long-term purchase contracts with the electricity provider. The initial system cost is expected to be paid off through a combination of reduced energy bills and SREC revenue within the first 5-6 years, after which they will be making money.
As a consultant to Meridian, Session Solar designed and engineered the ground mount system, provided electrical and grounding plans, and will supply 90% of the equipment. Session Solar also coordinated the geotechnical steel pile testing, which was a crucial step toward completing the final P.E. stamped construction plan set. Onsite technical support was provided by Session Solar during the first week of the ground mount installation to ensure a seamless Creotecc installation experience.
About Session Solar
Session Solar is a leading wholesale distributor of solar photovoltaic (PV) products, project partner, and manufacturer of the Creotecc Solar Mounting Systems. Founded in 2007 in the U.S, Session Solar is supported by parent company Wurth Solar, a global pioneer in CIGS thin film technology, European wholesaler and project developer. For further information, please visit Session Solar's website at http://www.sessionsolar.com.
In addition to providing 3D Laser Scanning Services, Meridian Associates, Inc. is a multi-disciplinary planning, civil engineering, land surveying and landscape architecture firm. MAI offers land development and infrastructure consulting services to corporate, commercial, industrial, institutional and public sector clients. The firm is headquartered in Beverly, Massachusetts with offices in Westborough, Massachusetts; Cherry Hill, New Jersey; Houston, Texas; Chandler, Arizona; Reidsville, North Carolina; and partners in Bangalore, India. http://www.meridianassoc.com
About Christina Seix Academy
Christina Seix Academy is an independent, co-ed, year-round school, serving children living with a single adult caregiver. The extended day, Pre-K thru 8th grade program, opening in fall 2012, will provide a safe and stimulating environment supporting students on their path "From Potential To Achievement". http://www.christinaseixacademy.org
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not represent historical facts and may be based on underlying assumptions. The company uses words and phrases such as "expected," "will" and similar expressions to identify forward-looking statements in this press release, including forward-looking statements regarding (a) Christina Seix Academy’s expected ownership of the completed power system; (b) expected cost savings of the power system; and (c) Meridian Electrical Associates building and operating and maintaining the power system. Such forward-looking statements are based on information available to the company as of the date of this release and involve a number of risks and uncertainties, some beyond the company's control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties such as: (i) construction difficulties or potential delays, including obtaining land use rights, permits, license, other governmental approvals, and transmission access and upgrades, and any litigation relating thereto; (ii) increasing competition in the industry and lower average selling prices, and impact on gross margin; (iii) timeline for revenue recognition and the impact on the company's operating results; (iv) the risk of continuation of supply of products and components from suppliers; (v) unanticipated problems with deploying the system on the site; and other filings with the Securities and Exchange Commission. These forward-looking statements should not be relied upon as representing the company's views as of any subsequent date, and the company is under no obligation to, and expressly disclaims any responsibility to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.