Sunrise Solar updates international solar project portfolio

(15/04/2009)

Sunrise Solar Corp. has announced today a progress update on its international solar project portfolio. Sunrise anticipates final contracts will be signed within 60 days as final funding approval is provided.

The project portfolio includes:
* REGIONAL HEALTH AUTHORITY IN CANADA – Conversion of 4 regional hospitals; Saint John Regional Hospital, Charlotte County Hospital, Fundy Health Centre and Grand Manan Hospital to Solar Power. Estimated Project Budget – US$75 Million
* REAL E BENEMÉRITA ASSOCIAÇÃO PORTUGUESA DE BENEFICÊNCIA – Conversion of the largest private hospital in Brazil to Solar Power. Estimated Project Budget – US$35 Million
* PORT GENTIL, REPUBLIC OF GABON – Renovation and conversion of all port facilities to Solar Power. Estimated Project Budget – US$25 Million
* ALGEA-BASED BIO-DIESEL PLANT – Provision of solar heating and power systems for revolutionary algae-based BioDiesel plants in Brazil and the United States. Estimated Project Budget – US$15 - 25 Million

“We are very pleased with the project portfolio we have assembled and are excited to move into the next phase of converting of these facilities to clean, green solar power,” noted Eddie Austin, Chairman and CEO of Sunrise Solar Corp. “Our international project portfolio will earn Sunrise a strong position in the solar industry as we pursue additional domestic and international projects.”

SSLR continues to discuss major international projects where it competes with much larger players such as First Solar, Inc., GT Solar Int. and Suntech Power Holdings.

Related categories:  Biofuels and biomass   Eco-friendly Power generation   Solar power and photovoltaics