SEPTEMBER 2009

$200 million contract for largest pole-attached solar installation

Petra Solar, Inc., a provider of photovoltaic (PV) solutions for utilities, will be producing 200,000 smart solar systems for installation on PSE&G utility poles and street light poles in the largest pole-attached solar installation in the world, following the New Jersey Board of Public Utilities approval of a new PSE&G program. Petra Solar will also be creating more than 100 green jobs in installation, research and development, operational and manufacturing of the pole-mounted, grid-connected solar PV system.

In a contract of about $200 million with PSE&G, Petra Solar will make units for 200,000 poles in New Jersey’s six largest cities and 300 rural and suburban communities in PSE&G’s service territory. Over the 3 1/2 year life of the contract, Petra will add the green jobs to its employee base of 40-plus employees, most of whom work in the company’s South Plainfield headquarters and manufacturing facility.

Petra’s SunWave system combines highly distributed, grid connected photovoltaic generation and smart grid communications capabilities. In addition it provides enhancement of electric distribution grid reliability through a host of functions such as voltage support.