Vivint Solar And Brahma Group Enter Agreement To Provide Engineering, Procurement And Construction Services For Commercial And Industrial Solar Projects7 June, 2015 | Press Releases
Vivint Solar and Brahma Group to collaborate on commercial and industrial solar projects
LEHI, Utah, June 8, 2015 /PRNewswire/ -- Vivint Solar (NYSE: VSLR), a leading provider of residential solar energy systems in the United States, and Brahma Group, a world-class industrial construction, project management and maintenance company, have entered into an agreement for the engineering, procurement and construction (EPC) of clean, renewable solar energy projects for commercial and industrial businesses and organizations across the U.S.
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"Aligning ourselves with Brahma Group is an important step for Vivint Solar and marks one of the several key strategic relationships that Vivint Solar is involved with as we expand into the commercial and industrial market," said Jan Newman, Vice President of Business Development at Vivint Solar. "We are excited about doing business with Brahma as we enter this new market and we are confident that their experience will help us provide the best services to our commercial and industrial customers."
Vivint Solar will provide the financing, sales, and related services for the new commercial and industrial projects while Brahma Group, along with its partner Hunt Electric, will oversee the construction and engineering of those projects. Brahma Group has been rated one of the safest industrial contractors in the U.S. and has active solar projects nationwide.
"Brahma Group and our strategic partner, Hunt Electric, are thrilled to team with Vivint Solar on this significant entry into the commercial and industrial market," said Rob Fox, Vice President of Brahma Group. "For months we have worked with Vivint Solar to formulate a plan for mass deployment into this key market space. We have found Vivint Solar's approach to deployment in this market to be both calculated and innovative. It is not simply content to be a high volume installer. Instead, we have seen its innovation derive from an unwavering commitment to its customers, and an overriding commitment to the advancement of renewable energy in this country."
About Vivint Solar
Vivint Solar is a leading provider of distributed solar energy – electricity generated by a solar energy system installed at a customer's location – to residential customers in the U.S. Vivint Solar's residential customers pay little to no money upfront, receive significant savings relative to utility generated electricity and continue to benefit from guaranteed energy prices over the 20-year term of their contracts. Vivint Solar finances, designs, installs, monitors and services the solar energy systems to make things easy for its customers. For more information, visit www.vivintsolar.com or follow @VivintSolar.
About Brahma Group
Brahma Group is an industry-leading, full service general industrial construction company, with active projects nationally. Brahma is a major supplier of equipment and services to the power generation, refining, mining, biomass, industrial, solar, and waste-to-energy markets. Recently, Brahma Group and its strategic partner Hunt Electric, have been the primary contractor on solar projects totaling well in excess of 400 megawatts. This partnership maintains a robust commercial solar group comprised of broad-range solar capabilities. For more information, visit www.brahmagroupinc.com and www.huntelectric.com.
Note on Forward-looking Statements
This press release contains forward-looking statements as defined within the meaning of the federal securities laws, including statements regarding Vivint Solar's strategic relationship with Brahma Group and the expected benefits of that relationship. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements should not be read as a guarantee of future performance or results, and they will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are based on current expectations and assumptions regarding future events and business performance as of the date of this press release, and they are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including but not limited to the risks set forth in the registration statements and reports that Vivint Solar files with the U.S. Securities and Exchange Commission, or SEC, from time to time. Except as required by law, Vivint Solar does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. You should read the documents Vivint Solar has filed with the SEC for more complete information about the company. These documents are available on both the EDGAR section of the SEC's website at www.sec.gov and the Investor Relations section of the company's website at www.vivintsolar.com.
Vice President of Investor Relations
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SOURCE Vivint Solar