GiraSolar, Inc. (Pink Sheets:GRSR), an international solar company headquartered in the Netherlands, announced that it has made the first of several deliveries on a US$10.3 million supply contract to a solar project developer in Spain.
The company said prepayments have been received in full from Alternativa Energetica, a solar (PV) project developer in Spain.
James Miller, CEO of GiraSolar, Inc., stated: "We believe that the entry into and execution of new supply contracts proves that the GiraSolar group is able to maintain a strong position and establish a national presence in Spain through its sales support branch that was established last year, intensive networking and strategic partners in the market, despite increased and intense competition on the Spanish market since the Company’s entry in 2006."
About GiraSolar Inc.
GiraSolar Inc. is a US holding company with its operational headquarters located in Deventer, the Netherlands, through GiraSolar BV. It is an umbrella organization for subsidiaries, partners and affiliated entities, active in the field of solar energy product development, production and application. GiraSolar’s three subsidiaries consist of 100% owned DutchSolar B.V., 51% owned GiraSolar Turkey Ltd. Ste. (GST), and 100% owned GiraMundo B.V. The group focuses with its business activities on silicon, solar cells, solar modules and solar energy systems.
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