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Press Release
Helio Micro Utility Partners with Verde Energy to Accelerate Solar
Power Adoption
Berkeley, CA, & Austin, TX,
October 6, 2008 - Helio Micro Utility, (Helio mU) the green power
pioneer selling solar energy without the upfront cost of panels, and
Verde Energy, a trusted source for competing offers from the nation's
largest network of experienced renewable energy professionals, today
introduced a new strategic partnership to provide immediate financing
for commercial projects in the United States through the Verde Pro
network of solar power installation partners.
The agreement paves the way for Verde Energy to
introduce the Helio mU Green Energy Plan™ for commercial and
residential systems to its network of solar photovoltaic installation
partners called Verde Pros.
For commercial facilities, the agreement will utilize
the Helio Green Energy Community Investment Fund™, which was created
with the backing of Citi Community Capital to initially support the
installation of up to four megawatts of solar power on qualifying
commercial and public sector facilities throughout the U.S.
For the residential market, the agreement will make it
possible for Verde Pros to offer the Helio Green Energy Plan to
homeowners to generate green electricity with no upfront cost for
panels.
“We are pleased to work with Verde Energy, the top
photovoltaic lead-generation engine for both commercial and residential
solar across the U.S.,” said Mo Rousso, President and CEO of Helio mU.
“This new agreement reflects our shared vision of increased green
energy production in America starting right now.”
“The ability to finance solar energy investments helps
eliminate the largest barrier to widespread solar adoption in the U.S.,
and we feel Helio mU’s innovative financing approaches are just the
answer for our customers,” said Rob Powell, Chief Executive for Verde
Energy. “This partnership completes our circle to offer customers the
ability to understand solar technologies, to find the right
installation partner, to secure competitive quotes from experienced
professionals and now to finance their solar investments.”
For more information:
Helio Micro Utility (Helio mU)
Helio mU is the green power pioneer, selling solar energy without the
upfront cost of panels. The Company provides solar electricity to
commercial, residential and not-for-profit customers with little or no
initial capital outlay through its Green Energy Plan TM. The Helio
Green Energy Plan guarantees customers receive cost-effective and
predictable energy pricing and maximum system performance over the life
of the agreement. Helio mU is headquartered in Berkeley, CA. For more
information please visit http://www.heliomu.com.
Verde Energy, Inc.
Verde Energy helps homeowners, commercial clients and government
agencies reduce their energy costs and impact on the environment by
providing valuable resources to evaluate, plan, and implement renewable
energy programs. We provide customers with a trusted source of
information and consultation, and with clear choices, by making
available competing offers on solar electric, solar thermal, wind power
and geothermal systems from the nation’s largest network of experienced
local professionals. For more information please visit us at
http://www.verdeenergy.com/
Citi Community Capital
The community development division of Citi was created to fulfill the
diverse community development lending and investment activity in one
distinct business unit. The business, now called Citi Community Capital
(CCC), was launched in 2000. In 2007, CCC merged with the Affordable
Housing unit of the Municipal Securities Division which made available
an even wider array of financial products that can be structured to fit
our clients’ objectives.
CCC helps community development financial institutions,
real estate developers, national intermediaries and non-profit
organizations achieve their goals through a broad, integrated platform
of debt and equity offerings. Within CCC is a dedicated investment team
that specializes in renewable energy, New Markets, and other community
development oriented investing. For more information, please visit
http://www.citigroup.com/citi/press/2008/080814b.htm or contact
Danielle Romero-Apsilos at 212-816-2264.
The statements made in this press release, which are not
historical facts, contain certain forward-looking statements to which
this release pertains. The actual results of the specific items
described in this release, and the company's operations generally, may
differ materially from what is projected in such forward-looking
statements. Although such statements are based upon the best judgments
of the company, significant deviations in magnitude, timing and other
factors may result from business risks and uncertainties including,
without limitation, the companies’ dependence on third parties, market
conditions, technical factors and other factors, many of which are
beyond the control of the companies mentioned in this release.