Majority of El Dorado Hills' Premier Power Shares Bought by Italian Energy Company
A multimillion-dollar Italian energy company has purchased a majority share of Premier Power Renewable Energy Inc. of El Dorado Hills, according to a document filed with the U.S. Securities and Exchange Commission, Melanie Turner writes.
Milan-based Gascom Renew Spa purchased an aggregate 16.4 million shares of Premier Power’s common stock from two shareholders, representing 55.9 percent of the company’s voting stock.
The sale of Premier Power marks the second locally based solar contractor in just over a year to sell a majority interest.
Premier Power Renewable Energy, Inc. was founded in 2001 to serve the increasing demand for solar power systems of its then parent company: Premier Homes.
Today, Premier Power Renewable Energy, Inc. (ticker symbol: PPRW) is a leading North American and European solar power company providing high performance solar power systems with consistently high quality for our commercial, agricultural, industrial, government, utility and residential customers.
Premier Power is dedicated to delivering innovative, efficient and reliable solar power systems through our engineering, procurement and construction (EPC) process. Our mission, as a solar power company is to be a part of the environmental solution by making solar electric power possible for businesses and homes. Most importantly, Premier Power is dedicated to delighting our customers.