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Principal Solar, Inc. Executes Reverse Stock Split
Press Release: Principal Solar Inc.

Principal SolarDallas, TX – June 5, 2015 – Principal Solar, Inc. today announced that in preparation for its move to NASDAQ, the Company has executed a 1:4 reverse stock split. The symbol PSWWD (OTC Pink) will carry the letter "D" for the next 20 business days. After 20 business days, the symbol will revert to PSWW. Read More...


Principal Solar, Inc. Announces Launch of Proposed Initial Public Offering
Press Release: Principal Solar Inc.

Principal SolarDallas, TX – May 20, 2015Principal Solar, Inc (PSI; OTC Pink: PSWW), today announced that it intends, subject to market and other conditions, to offer its common stock in an underwritten public offering of 2,500,000 shares of its common stock pursuant to a registration statement filed on Form S-1 with the Securities and Exchange Commission. In connection with the offering, the company intends to grant the underwriter the option to purchase up to 375,000 additional shares of its common stock. The estimated price range for the initial public offering is $9.00 to $11.00 per share of common stock, after considering a recent 1:4 reverse split effected May 6, 2015, and currently pending with FINRA. Principal Solar has applied to list its common stock on the Nasdaq Capital Market under the symbol “PSWW”.
Northland Capital Markets is acting as sole underwriter for the offering. The offering will be made only by means of a prospectus. A copy of the preliminary prospectus related to the offering may be obtained by sending a request to Northland Securities, Inc. at 45 South 7th Street, Suite 2000, Minneapolis, MN 55402, via telephone toll free at (800) 851-2920 or via email to mhubbard@northlandcapitalmarkets.com.  Before you invest, you should read the prospectus. Read More...


Principal Solar Engages Alpha Energy
for Largest Solar Facility East of the Rockies

Alpha Energy to build Principal Sunrise IV project in Cumberland County, NC
Press Release: Principal Solar Inc.

Principal SolarDallas, TX – May 11, 2015Principal Solar, Inc (PSI; OTC Pink: PSWW), a publicly traded solar power company building a utility-scale solar portfolio, announced today that it has contracted Alpha Energy as its engineering, procurement and construction (EPC) partner to build its Principal Sunrise IV project located in Cumberland County.

The project, which begins in May and is expected to be completed by the end of 2015, will be overseen by Ken Allen, chief operating officer, PSI.

“Alpha is a world leader in large-scale construction and solar projects,” says Michael Gorton, CEO, PSI.  "Their proven expertise and demonstrated commitment to the success of the project are an important asset as we bring this project on-line.” Read More...


Carl HeftonPrincipal Solar, Inc. Elects Scott Olson, J.D., Distinguished Business and Legal Executive, to Board of Directors
Press Release: Principal Solar Inc.

Dallas, TX – May 7, 2015Principal Solar, Inc (PSI; OTC Pink: PSWW), a publicly traded solar power company building utility-scale projects, announces the election, effective April 14, 2015, of Scott Olson, J.D., managing member of Dallas-based investment firm Turtle Creek Holdings, LLC (TCH), to the PSI Board of Directors. With 17+ years of diverse legal and business experience, Olson brings a blend of expertise in financial transactions, including securitization, project finance, M&A finance, insurance finance, commercial paper lending and general bank lending. Read More...


Principal Solar, Inc. Appoints Mark Victor Hansen to Advisory Board
Founder and Co-Creator of Chicken Soup for the Soul Series Will Provide Strategic Advice as Company Grows
Hansen Co-Authors White Paper on Electric Grid with CEO Michael Gorton for Principal Solar Institute
Press Release: Principal Solar Inc.

Principal SolarDallas, TX – March 31, 2015Principal Solar, Inc (PSI; OTC Pink: PSWW), a publicly traded solar power company building utility-scale projects, announced today that Mark Victor Hansen, founder and co-creator of the Chicken Soup for the Soul franchise, has joined its Advisory Board.

Hansen, who gained international recognition for authoring books that sold over 500 million copies worldwide, will provide strategic counsel as the Company grows its operations through acquisitions and project development. 

In addition, Principal Solar today announced that Hansen has co-authored the white paper “The Road to Change: Electric Vehicles Power the Future for Everyone,” together with Principal Solar CEO Michael Gorton. The paper, written for the Principal Solar Institute, highlights ways in which Electric Vehicles will change the U.S. electrical grid.  On May 13, Hansen and Gorton will host a webinar to discuss their vision of a not-too-distant future when electric vehicles supplant internal combustion engines in many applications.  Register today at: www.principalsolarinstitute.org/webinar/1569.  Read More...


Principal Solar Announces Second Utility-Scale Project in North Carolina
Project in Fayetteville, NC will have capacity of 72.9 MW AC
Project scheduled to be operational in early 2016
Duke Energy Progress to purchase power via a 10-year PPA
Project brings PSI’s planned capacity in North Carolina to 151.4 MW AC
Press Release: Principal Solar Inc.

Principal SolarDallas, TX – March 9, 2015Principal Solar, Inc (PSI; OTC Pink: PSWW), a solar power company that is creating a utility-scale operation, announced today that it will build a 72.9 MW AC solar facility in North Carolina, its second major project announced in 2015.

The project will be located in southern Fayetteville, NC, near St. Pauls, NC, and will represent total investment of approximately $154 million. Duke Energy Progress has signed a 10-year power purchase agreement (PPA) to buy energy from the project.

The Fayetteville project is the second major project to be announced by Principal Solar in 2015. On February 4, 2015, the Company announced plans to build a 78.5 MW AC facility in Cumberland County, NC. This facility will be the largest solar project east of the Rockies, and combined capacity of the two facilities will be 151.4 MW AC, enough to power an estimated 14,400 homes in North Carolina[1].  Read More...


Principal Solar to Build Largest Solar Project East of the Rockies
Project in Hope Mills, NC, will have capacity of 78.5 MW AC
Project scheduled to be operational by early 2016
Duke Energy to purchase power via a 15-year PPA
Total capital to be invested in the project will be $173 million
Press Release: Principal Solar Inc.

Principal SolarDallas, TX – February 4, 2015Principal Solar, Inc (PSI; OTC Pink: PSWW), a solar power company that is creating a utility-scale operation, announced today that it will build the largest solar facility east of the Rockies.

The project, located in Hope Mills, NC, with a capacity of 78.5 MW AC, will be the largest solar facility east of the Rockies. Total investment in the project is expected to be approximately $173 million. Duke Energy Progress, Inc. has signed a 15-year power purchase agreement (PPA) to buy energy from the project.

“This project launches Principal Solar as a leader in the solar utility sector, meeting the growing demand for zero-emission, cost efficient energy,” said Michael Gorton, chairman and CEO of PSI.  “This high-quality project has a stable source of long-term revenue, and represents a major step forward for the U.S. solar industry. Principal Solar remains focused on rapid growth via the acquisition of shovel-ready solar projects, drawing on our industry expertise to be a long-term and repeat business partner for both solar project developers and traditional utilities.”

Read More...


Principal Solar Institute Hosting Webinar On 2015 Texas Legislative Agenda For Renewables
Press Feature: Solar Industry

November 7, 2014 - The Texas-based Principal Solar Institute is hosting a free webinar that will focus on what to expect in terms of renewable energy policies and development from the upcoming 2015 Texas legislative session.

Host Russel Smith, co-founder and executive director of the Texas Renewable Energy Industries Association (TREIA), will also provide a summary of the past year's out-of-session activity - the Texas Legislature in only in session every other year. There will also be a question and answer segment following the presentation.

The webinar is scheduled for Nov. 19 between 12 p.m. and 1 p.m. EDT. For more information and to register, click here.


Solar firms, power companies battle over 'net metering'

October 12, 2014 - As solar power expands its reach into greater residential use, can solar companies and utilities find common ground?

The flashpoint is over net-metering—a process where consumers use renewable energy to generate their own electricity, then cut their bills by sending excess power back to the grid at retail rates. Read More...


Here's Where Solar Power
Will Be Huge

October 10, 2014 - Rooftop solar power is a great way for individuals to save money and achieve energy independence. But for solar power to take off on a larger scale, it’s going to take a lot more than a few panels on rooftops. We’ll need solar farms — huge arrays of solar panels capable of capturing and distributing massive amounts of energy.

The map above shows the distribution of solar energy that can be harvested across the United States. The areas in red and orange are where utility-scale solar power, capable of competing with established power sources, are going to develop in a big way, according to Michael Gorton, founder and CEO of Principal Solar, a company dedicated to bringing utility-scale solar to the market.

Read More...


What To Look For - And Look Out For - In Selecting Solar Development Sites
Press Feature: Solar Industry

Congratulations. The land parcel you've selected for your next solar project is free of encumbrances, has good solar resources and is conducive to building.

However, such site characteristics should only serve as a beginning point, explains Kristen Castanos, a partner at law firm Stoel Rives.

"After the basics, land procurement is often an inexact science," Castanos says. "The types of issues that can arise are really site specific, and solar land procurement requires other special considerations." Read More...


What To Look For - And Look Out For - In Selecting Solar Development Sites
Press Feature: Solar Industry

Congratulations. The land parcel you've selected for your next solar project is free of encumbrances, has good solar resources and is conducive to building.

However, such site characteristics should only serve as a beginning point, explains Kristen Castanos, a partner at law firm Stoel Rives.

"After the basics, land procurement is often an inexact science," Castanos says. "The types of issues that can arise are really site specific, and solar land procurement requires other special considerations." Read More...


Carl HeftonPrincipal Solar Appoints Garrett Boone to Board of Directors: Co-founder of The Container Store and Texas Business for Clean Air
Press Release: Principal Solar Inc.

Dallas, TX – September 11, 2014Principal Solar, Inc (PSI; OTC Pink: PSWW), a publicly traded solar power company that is building a utility-scale operation, today announced the appointment of Garrett Boone, co-founder of The Container Store and a leading environmentalist, to its Board of Directors.

“We are pleased to welcome Garrett to our Board of Directors,” says Michael Gorton, chairman and CEO of PSI. “His success as an entrepreneur and leading advocate for the environment are a strong complement to the group, and will be valuable assets as Principal Solar executes its strategy to build utility-scale solar generation capabilities.” Read More...


Matthew A. ThompsonPrincipal Solar Institute, presented the poster, "Lifetime Energy Production™ – A Simple Method for PV Module Comparison"
Press Feature: PV America 2014

Matthew A. Thompson, Ph.D., executive director, Principal Solar Institute, presented the poster, “Lifetime Energy Production™ – A Simple Method for PV Module Comparison,” during PV America 2014.  Selected by industry experts as one of the Best Posters of PV America, the poster details how the PV Module Rating provides a quick and simple method for side-by-side comparison of photovoltaic (PV) modules to maximize return-on-investment and enhance the value of a solar project. Watch the presentation here (skip to 14:30)



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