Australia's CBD Energy awarded first US commercial solar project

CBD Energy Ltd., a diversified renewables energy company, has signed its first solar PV installation contract in the United States for a reported $3.8 million.

The project is a design, engineering, procurement and construct (EPC) contract to build a solar system for a school in New Jersey and will be delivered in partnership with Westinghouse Solar, Inc.

In a written statement, CBD said the agreement is the company's first step toward establishing itself in the US solar market. The project involves installing multiple rooftop and carport solar PV systems, to supply power to the school, and excess power to be sold back into the grid.

"The successful completion of this first solar project will be an important demonstration of CBD's competitive advantage in a market that has significant renewable energy development," said James Greer, a Senior Vice President with CBD Energy.

"As CBD solidifies its U.S. market presence by merging with Westinghouse Solar, we are looking forward to increasing project volume and further validating our entrance in the US market," he said.

Project commencement is anticipated in mid-July and is expected to take approximately three months to complete.

"We are very excited to see CBD secure a market win here in the U.S. and to partner with their EPC division to make the project successful," said Westinghouse Solar CEO Margaret Randazzo.

"Expansion to capture EPC opportunities such as this project in the U.S., and the development of international distribution opportunities for Westinghouse Solar, such as the agreement we previously announced with CBD for sales of our solar panels to Harvey Norman in Australia, are examples of the new markets and synergies we were looking for from a CBD and Westinghouse Solar business combination," she said.

CBD Managing Director Gerry McGowan said entering the US commercial market is an important milestone for CBD, and leverages its experience from the projects we are constructing in Europe, Asia and the South Pacific.

"We are able to achieve this expansion by bringing together our engineering expertise, project management capabilities and cost effective supply chain to work with a local workforce to deliver cost efficient renewable energy solutions," McGowen said. "Over the course of a day, CBD now has continuous operations in delivering renewable energy projects around the globe."

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CBD Energy Ltd.

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