SolarReserve CEO Kevin Smith Praises Government support for solar energy projects on Public Lands

The Press Secretary of Interior Ken Salazar, Secretary of energy Steven Chu and Secretary of Agriculture Tom Vilsack highlights the Administration’s work to build a clean energy economy, Kevin Smith, President and CEO of U.s. developer utility SolarReserve large-scale solar projects, thanked the Federal programs that can help us to build a commercial electricity companies. Access to the public means of transport referred to Smith, the facilitation of the Department of Interior, Department of renewable energy tax and loan guarantee program for renewable Energy projects to promote solar energy investment and created thousands of thousands of American jobs, the importance of the entire supply chain.

Declaration by the Presidency on behalf of Kevin b. Smith-President and CEO, SolarReserve LLC

Thank you Mr. Secretary. I am proud of is here, and say a few words my company, and five other SolarReserve solar energy on behalf of the companies here this morning. These companies represent only a small part of the competition and growing global market for solar energy.

The United States Congress, the President Obama’s address to the Chamber, he challenged business ‘ Get in the game “America investments, creating jobs and generating” big ideas for the next generation. ” I am pleased to say that five companies have SolarReserve and “game” – we are developing innovative technologies of the Sun, and build a clean energy projects throughout the United States of America was concerned. We are proud to make us part of the “winning the future” – in the future, that we believe is powered by renewable energy sources, to a large extent.

There is a lot of discussion in Washington, the Government should take to help create jobs. These companies and we build projects are examples of Government will cooperate in the business to create jobs and build up our domestic energy industry at the same time.

Near term, just the company replied to the development of the projects evaluated a handful of 10 000 jobs in the United States, as well as the construction of the production in the next two or three years and more than 25,000 jobs in direct and indirect actions to support the hosting service in accounting. When these projects go to commercial activities they spend tens of millions of dollars a year for operational budgets and pay tens of millions of dollars in local taxes–to promote employees ‘ paychecks, companies, local education service and the police and fire departments. Many of these projects are located in the hard hit areas.

These projects represent some of the first n-the same technology and some of the world’s largest and most powerful solar energy projects. SolarReserve’s ground-breaking energy technology was developed in the United States, and storage to create solar energy demand – day or night, in order to comply with the requirements of peak demand, without interruption, the add-in, and without the use of fossil fuels.

Although we are all competitors, we are here to express our Appreciation to President Obama and his administration, as well as the Interior units, energy and agriculture, the United Front. Support for the continuation of the administration of the Treasury and the Department for the granting of 1603-Energy efficiency and Renewable Energy bond program are critical programs, which are critical for the success of these projects are under construction. The Department of Interior has also opened up the public transport and the strong support of these projects on the basis of the permit on the basis of an accelerated work overtime, in order to unlock the capital and create jobs.

Today, the u.s. solar energy industry is at a crossroads, we will move forward to build the industry in the United States, either, which can compete on the world market or our more aggressive body referred to in the countries of the shadows. To support and expand existing programs for DOE loan guarantee program, such as initiating new programs and dictate the direction, we the people, such as clean energy Standard.

Finally, I want to thank sincerely the Secretaries Chu and Vilsack, Salazar, and their departments and their hard work in all of the support-now move forward together to get these projects, which are constructed in such a way as to strengthen the U.s. leader in solar energy technology and create a brighter energy future.

SolarReserve’s lead projects, in the United States.

SolarReserve’s lead projects in the United States include the Crescent dunes energy project, Tonopah, Nevada, Nevada, and rice in Solar energy project in Riverside County, California. Both projects is set to break ground in 2011. Together with projects to produce more than 1,110 on-site construction jobs and estimated at 10,400 direct and indirect jobs in the design and manufacture, supply, zero-emission solar renewable energy facilities to provide for the construction of more than 150 000 homes. Both projects use the advanced options in the form of salt, power tower technology, Pratt & Whitney Whitney Rocketdyne Division of United Technologies Corporation, developed. Innovative technology features integrated energy storage on demand, even after the sun goes down, the add-ins provide a firm, reliable and renewable sources of electricity. This technology can replace conventional electricity generation, which produces harmful emissions from burning coal, oil and natural gas.

Participation in July 2009, the DOE SolarReserve request in accordance with the innovative renewable technologies under the Energy Policy Act of 2005, part of the loan guarantee-1705 shall apply to the program. Both projects were successfully Advanced in parts I and II, a comprehensive review of the applications, the DOE. DOE and SolarReserve progress funding terms and conditions of the DOE program arrangements under section 1705. This program is important to finance such projects successfully.

110 rose to more than one Quarter of the Solar energy project is located in the dunes of Nye County, Nevada, Tonopah, Nevada City, close to the Department of Interior, was seeking a way to manage the use of the accelerated phasing-in scheme, according to the Bureau of Land Management (BLM), code of federal regulations, transport. The project, which is secured by a power purchase agreement for 25 years, 2009 NV energy and approved by the Commission in July on the Nevada, received from its record of the Department of Interior, December 20th last year.

150 Rose more than rice Solar energy is already the project East Riverside County, California in the past, as private land, California Energy Commission that permit approvals, on 15 December last year. The project is protected by a 25-year power purchase agreement with Pacific Gas & Electric Company (PG & E), which was approved by the California Public Utilities Commission in September of this year.

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