LAS VEGAS, NV - April 19, 2012 (Investorideas.com renewable energy newswire) Salamon Group, Inc. (OTCQB: SLMU) and General Motors Company (NYSE:GM) - Salamon Group, Inc. stated Thursday that it has initiated the first phase of its roof top solar installation in Williamson County Tennessee. These projects have total combined revenues of $3.3M over the life of the contract, and yields a levered IRR of approximately 25% for the company. The first phase consists of three installations, the first of three installations have now received final TVA-NES approval these project are expected to be completed by May 28 2012. Each Solar system in the first phase has an output of 200KW, totaling 600KW. The Company plans to continue building out the remaining 20 rooftops later this spring.
About Salamon Group
Salamon Group, Inc., through its Sunlogics Power Fund Management
Inc. division, is a solar energy project company specializing in the
construction, management and acquisition of renewable energy power
projects. Sunlogics Power also looks to acquire assets and other
companies in the solar and renewable energy space that are a strategic
fit. Sunlogics Power is also a project-acquiring partner of Sunlogics
Plc and its Subsidiary as well as other third party project developers.
Sunlogics PLC majority partner and shareholder is General Motors
Company (NYSE:GM). Sunlogics Power Fund Controls 30% of Sunlogics PLC. http://www.sunlogics.com.
SLMU cautions that statements made in press releases constitute
forward-looking statements, and makes no guarantees of future
performances and actual results/developments may differ materially from
projections in forward-looking statements. Forward-looking statements
are based on estimates and opinions of management at the time statements
Orsay Groupe, Inc.
William J. Nalley
Published on Investorideas.com newswire
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