Principal Solar, Inc. Announces Acquisition of Talmage Solar “SunGen Step Guys” Solar Power Plant

08 Sep 2011
Principal Solar, Inc., a publicly traded renewable energy holding company rapidly advancing the worldwide utilization of solar power through a unique roll-up strategy, today announced the acquisition of Talmage Solar Engineering/Solar Market’s “SunGen Step Guys” Solar facility, a 110kW roof-mounted facility located in Alfred, ME.  Terms were not disclosed.

"The process of acquiring Talmage Solar Engineering Inc/Solar Market’s SunGen Step Guys installation was extremely smooth and efficient,” says Michael Gorton, chief executive officer and chairman of PSI.  “Working with such dedicated and quality solar experts like Naoto and Kale Inoue was an inspiring experience, further fueling our enthusiasm to partner with this caliber of professionals.”

The SunGen Step Guys acquisition advances the business roll-up platform of PSI and builds upon the momentum that began with the Principal Solar acquisition of Capstone Solar news and networking community for solar professionals.

“This is an extremely valuable transaction and new partnership for us,” says Naoto.  “Working with the Principal Solar team was refreshing, and the entire process was seamless.  We admire the PSI vision and are confident in the Company’s ability to impact the future of the solar energy economy.  PSI is on track to establish itself as a leader in industry, and its partners are fortunate to share this unique opportunity.”

Principal Solar, Inc.