On Wednesday October 26, 2011, it was reported that WILD BRUSH ENERGY INC (PINK:WBRE) has entered into a Production and Supply Agreement with Renogy LLC. to supply and install up to 5MW of photovoltaic panels.
Renogy, LLC is a globally renowned producer and distributor of solar panels, based in Baton Rouge; it is also a subsidiary of solar giant Shangpin Solar of China. Whereas, Wild Brush Energy, Inc. is a renewable energy company focusing on identifying, developing, and financing clean air energy producing alternatives, namely solar energy, wind farms, and hydro power.
Renogy commits to participate in Wild Brush Energy’s future Solar Park projects in the US, playing the role of an official supplier and turnkey developer, as indicated by the agreement. The provision of high quality PV solar modules as high as 5MW has been acceded by Renogy. The Solar Park project, the target size of which is approximately 5 Mw possess the caliber of supplying 1600 households with renewable energy and to reduce their relative carbon emissions annually by approximately 3800 tons. The project is anticipated to provide an annual power output upwards of 6.5 GWh.
Wild Brush Energy’s remodeled renewable energy plan incorporates the construction of mid to large-scale solar parks. These parks will range in size from 2-5 Mw in scale, which is to be located in southern and southwest regions of the U.S. and southern European countries, bringing out favorable renewable energy policies and economic returns.
Shares of WBRE soared 28.57% and ended at 52-week high of $0.09 with more than 1.52 million shares traded hands.
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