RIVERSIDE, Calif., Sept. 5, 2003 — Southern States Power Co., Inc., a member of the National Biodiesel Board, announced that it has entered into a one year product re-seller agreement with Shell Solar Industries, LP, a part of the Royal Dutch/Shell Group of Companies and a worldwide provider of solar equipment.
Under terms of the agreement, Southern States was appointed as a re-seller for the promotion and sale of Shell Solar’s photovoltaic products for a period of one year in Riverside, San Bernardino, and Inyo Counties in southern California as well as for sovereign Indian Nations across the United States.
The re-seller agreement will allow Southern States to facilitate the marketing of Shell Solar equipment in its planned solar energy projects. Within 60 days of its July 18, 2004 expiration, the parties may choose to renew the agreement for an additional subsequent period.
Harrison A. McCoy, III, president and chief executive officer of SSPC, commented, “This agreement with Shell Solar positions Southern States and its portfolio investment companies to bring Shell’s photovoltaic solar energy technology, in addition to SSPC’s hybrid back-up power systems and other renewable energy resources, to customers across southern California and on sovereign Indian Nations across the United States. To say that we value this partnership would be a colossal understatement, and we look forward to a long and prosperous relationship with Shell Solar on present and future projects. Recent passage by the U.S. Senate of the 2002 Senate energy bill that includes a national renewable energy portfolio standard, has demonstrated federal support for renewables such as solar and wind energy. A key provision of that standard is a requirement that 10% of the nation’s electricity to come from new renewable energy sources by 2020.”
Shell Solar is an eligible equipment manufacturer for incentive programs that are available through the California Energy Commission and the California Public Utilities Commission. Virtually all state and federal incentive and rebate programs classify Shell Solar as a qualified solar equipment manufacturer.
Shell Solar is also a recognized leader in the ongoing development of cutting edge of solar equipment technology, having recently announced the introduction of two new lines of monocrystalline photovoltaic modules in Europe, each with a power output capacity six percent higher than its predecessor, despite the surface areas remaining unchanged. These units are excellently suited for operation in commercial grid-connected applications with system voltages of up to 1,000 volts.
San Bernardino County (website: www.co.san-bernardino.ca.us) is the largest county in the United States and, along with Riverside County (website: www.co.riverside.ca.us) and Inyo County (website: www.countyofinyo.org), covers over 37,000 square miles and is home to over 3.2 million people. These counties include some of the fastest growing areas by population and in terms of housing and economic growth in the United States and have a climate that is generally considered ideal for solar energy projects.
About Shell Solar Industries, LP (website: www.shellsolar.com)
Shell Solar, headquartered in Amsterdam, is a player in the photovoltaic industry. With a workforce of 1,100, Shell Solar markets its products in more than 90 countries. To date, Shell Solar has supplied solar cells and modules with a total peak capacity in excess of 300 megawatts — significantly more than any other competitor. This corresponds to about one-fifth of the capacity installed worldwide. Shell Solar is part of Shell Renewables, a core business of the Royal Dutch/Shell Group of Companies. Shell publicly committed to spend $500 million USD from 1998 until 2003 on Renewable Energy. In 2001, Shell announced an additional $500 million USD in the next five years.
About Southern States Power Company, Inc.
Southern States Power Company is a business development company whose core focus is to invest in alternative energy projects, particularly the production of biodiesel fuel. Biodiesel, including the company’s own EPA-registered OxEG Biodiesel, is a clean, renewable fuel that can be used in diesel engines with virtually no modifications to the engines, vehicles or ground fueling equipment.