Home | Sitemap | Contact TGI
News RSS

TGI Solar Evaluating Term Sheets for PPA Opportunities with an Investment Fund
RED BANK, NJ - 4/25/10 - TGI Solar Power Group (TSPG), provider of solar and other clean technology products and solutions, announced today that is negotiating and reviewing term sheets for credit lines of up to $25 Million.

The goal is to provide funding and arrange for Power Purchase Agreement (PPA) contracts with commercial and state agencies. PPAs are long-term agreements to purchase power. Upon installation of the equipment such as solar panels, our customers would benefit from the use of "green" energy and lower rates, while we benefit from government rebates and future cash flows of the energy produced by these systems. TGI is planning to arrange agreements with several installers to execute these contracts. We expect our partner, GreenRG Management LLC, to act as a general contractor to oversee performance of installations of these systems.

About GREENRG MANAGEMENT LLC. GreenRG Management LLC, is a New Jersey based company, specializing in dimmable LED lighting, solar installations, daylight harvesting and radiant barriers using window film insulation.

About TGI SOLAR POWER GROUP INC. TGI Solar (TSPG) (www.tgisolar.com) is a provider of solar and other alternative energy products and solutions. The firm provides facility and process design and integration know-how with its equipment. The Company offers its products and services to clients on a worldwide basis and currently maintains JVs in Hong Kong and subsidiary in Italy with solar installation, integration and energy consulting firms.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the company's periodic filings with the Securities and Exchange Commission.

News