(OTCBB: GELV) to Acquire One of Vermont's Leading Solar Installers
25 Febrero 2010 - 3:00AM
Marketwired
Green Energy Live, Inc. (OTCBB: GELV) announced yesterday that it
has signed a letter of intent to acquire Peck Electric of Vermont,
a leader in Solar Energy Installations and electrical contracting.
Vermont enacted the Vermont Clean Energy Development Fund (CEDF)
in 2007 and it is scheduled to run clean renewable energy funding
through 2012. The overall goal is to increase renewable energy and
economic development of renewable energy companies in the state.
With Peck Electric being brought under Green Energy Live's
umbrella, the company is better positioned to receive benefit from
the CEDF.
As costs of photovoltaic equipment continue to drop, solar
energy demand has surged on average of 23% annually over the last
20 years, with an expected 30% increase over the next 3 years.
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Applied Materials Inc. (NASDAQ: AMAT) and General Electric Co.
(NYSE: GE).
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