LAS VEGAS, NV - April 30, 2012 (Investorideas.com renewable energy newswire) Salamon Group, Inc. (OTCQB: SLMU), a leading edge green energy company, is pleased to announce that it has agreed to expand its ownership of Solar Samoa Ltd. by purchasing the balance of Solar Samoa Ltd., a Samoa-based solar energy company that possesses a pipeline of solar projects that Eco Energy and its partners have been developing. The first Solar Samoa Ltd. project is a 4.5MW project and is expected to generate total first year revenues of approximately $2.5 million US dollars. The 20 year outlook for the first Solar Samoa Ltd. system is approximate gross revenues of $70MM and net cashflow estimated at $18MM over its life.
- Published: 29 April 2012
- Written by Investor Ideas