This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

HERO Signs Historic Interconnect Agreement With Progress Energy Florida For 70MW Solar Farm.

JASPER, Fla., Jan. 29, 2013 /PRNewswire/ -- "HERO" Solar (Hamilton Energy Resource Opportunities LLC) announced today it has completed the interconnection study process and has signed and entered into an interconnect agreement with Progress Energy Florida for a 70MW solar farm in Hamilton County, Florida.

HERO's Managing Director of Development, Jack Levine, said "We are grateful to Progress Energy and their Interconnect Team who has helped us every step of the way through Feasibility, System Impact and Facility Studies to insure FERC guidelines and utility requirements were met. We are delighted to have accomplished this impressive milestone and are excited about starting our construction build out. We look forward to continuing working with our partners at Progress Energy and commend their efforts to develop alternative fuel sources and provide economic development within their service areas."

Commenting on the status of Florida's solar economy and the start of construction, Levine added, "Right now there are regulatory barriers that do not allow us to recognize the added value of alternative energy and therefore have impeded the ability for the project to be adequately funded. As such, we are now beginning to look for and aggressively examine strategic alternatives that will allow us to get the project built. This project is ideal for the right tax equity partner or a company looking to expand their strategic footprint in the United States."

Hamilton County Economic Development Authority Executive Director, Susan Ramsey, who has worked with HERO since the project was conceived in 2009 said "On behalf of the Board of Directors for the Hamilton County Development Authority, we are excited that HERO continues to move forward with this pioneering solar energy project here in Hamilton County. The Board has set aside an economic development grant to HERO in the amount of $350,000.00. This project will have a substantial, positive economic impact in Hamilton County through not only the permanent jobs created, but the high volume of construction jobs and indirect jobs generated over the 2 year build-out period as well. HERO is a tremendous growth opportunity for the county's economy and accomplishes our goal of supporting green energy. We are impressed with the progress made to date and continue to support HERO's efforts and devotion to get this project built." 

Levine noted, "We are proud to work with industry leader Schneider Electric and their fine engineering and design team, who has assisted us through the application process and provided final design plans for the solar field and substation. We also have benefitted tremendously from the expertise and experience of Dr. Thomas Damberger who has been a vital part of the HERO team in his project management capacity."

Levine further commented, "HERO believes in Florida and its future as a leader in green energy development and production. We appreciate the attention the Florida legislature has placed on these important issues. We have met with and will continue to share ideas and explore solutions with Governor Scott and his staff, Agricultural Commissioner Adam Putnum and his Staff, as well as legislators, lobbyists and other concerned parties in an effort to forge ahead with a renewable energy program that will allow important projects like ours to be built and enable Florida to become a leader in renewable energy."

ABOUT HERO:  HERO (Hamilton Energy Resource Opportunities LLC) is a Florida based LLC, established in 2009 to build, manage and invest in renewable energy projects.

Contact: Jack Levine, Managing Director 954-732-9122E mail: Parklandjack1@aol.com 

SOURCE Hamilton Energy Resource Opportunities LLC (HERO Solar)

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs