Premier Power buys Italian solar developer - Sacramento Business Journal:

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The El Dorado Hills company (OTCBB: PPRW) did not disclose terms of the acquisition. The deal was basecd on an exchangeof shares, as opposed to cash, a company spokeswomanm said. Premier Power said it expectss the acquisitionto “significantly improve overall operating margins.” The companyh anticipates that it will begin to see substantial revenue growth in the second half of the year as a result of Italiaj projects. Premier Power said Italy is “arguably the world’s fastesf growing solar power market today.” The markety is expected to growto 3,000 megawattes by 2016, up from 325 megawatts in 2008.
Arco Energh also is a distributor for CanadianSolar CSIQ) and Suntech (NYSE: STP) as well as Solar Max and Power One invertors and othere system components. “Premier Power’s expertise in the engineering and integration of all types ofprojects — from utilith scale solar farms to ground-mount use of thin film, roof-top modules and large single and bi-directional trackers to building integrated roof-top systems — is unlikw any other company in Italy,” said Marco chief executive officer for Arco Energy, in a news “This versatility gives us the ability to seiz e both the immediate opportunity and remain in Italuy as a long-term player.
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