510nano and Shanghai Chaori Signs $70 Million Solar Panel Supply Contract

March 27, 2012 - PRLog -- Washington, DC.  Chaori Solar (Shenzhen Stock Exchange: 002506) and its US partner Sunperfect Solar announced today a panel supply contract with DC based power plant developer, 510nano Inc. and its distributor Treler Enterprises.  The relationship will help 510nano fill its 80 MW project pipeline with efficiently priced, high quality panels.  The first portion of the supply contract is a 14,000 panel order which is due this week.  The panels will be deployed on two North Carolina solar farms within the Dominion Power service area.

510nano has been able to manage the challenges in the solar market through its strategic relationships.  Willy Chow, CEO of both Chaori USA and Sunperfect stated, “Chaori and Sunperfect are honored that 510nano has chosen our panels to utilize in their growing pipeline of solar projects. Despite the recent tariffs we are pleased to know that solar developers such as 510nano still find value in our solar panels.”

In response, Dr. Reginald Parker, CEO of 510nano stated, “510nano is excited to develop a long term relationship with SunPerfect and Chaori. A reliable partner is critical to reaching our development goal of 100 MW annually.  We can think of no better partner as Mr. Chow”.  

About 510nano Inc.
510nano, Inc., is a Washington DC-based technology and business development firm.  Founded in 2005, the company specializes in developing and deploying renewable energy solutions.  With a global network of renewable energy partners, leading-edge technology products, and experienced management team, 510nano has positioned itself as a leader in supplying efficient, cost-effective power plants.

About Chaori Solar USA and Shanghai Chaori Solar Energy Science & Technology Co., Ltd:
Based in Delaware, Chaori Solar USA, LLC, is an investment fund focused on expanding the U.S. solar market. Chaori Solar USA is a subsidiary of Shanghai Chaori Solar Energy Science & Technology Co, Ltd., one the most recognized names in producing quality solar cells and modules, with the annual capacity of 400 MW for solar cells and 500 MW for solar modules. Most of the panel sales and solar farm developments are in Europe since 2003.

About Sunperfect Solar, Inc.
Sunperfect Solar, Inc. is a solar modules distributor, solar farm project developer and management company based in Silicon Valley, California.

Sunperfect Solar, Inc. is the exclusive solar panel distributor for Shanghai Chaori Solar in Northern America. It also supervises solar farm project development and management for Shanghai Chaori Solar. We have solar module warehouses located in South San Francisco, Gardena, California and Cranbury, New Jersey to serve customers effectively. Our solar modules are UL 1703 certified and shown on CEC listing.
Since 2009, Sunperfect Solar have sold modules to various CALTRAN roof top projects in California, 306 KW roof top project in Charlotte International Airport, North Carolina and 1MW roof top project in a commercial building located in South Plainfield, New Jersey. We have also developed numerous commercial and solar farm projects in the states of Hawaii, California and North Carolina. We will work with solar developers, integrators, equity investors and banks to build solar renewable energy projects.

About Treler Enterprises LLC
Treler Enterprises LLC is a start-up distribution business based in Conshohocken, PA.  Treler seeks to provide solar energy solutions for utility scale solar projects on the order of 0.5 to 30 MW.  Treler provides strategic access to panels and inverters, as well value-added logistics, distribution and engineering functions. Leveraging the founders 15 years in logistics, distribution and engineering, Treler Enterprices is solutions oriented and mission-driven, dedicated to providing access to the highest quality solar energy systems worldwide.

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510nano Inc., is a DC based technology and business development firm. 510nano specializes in developing and deploying renewable energy solutions. 510nano is positioned itself as a leader in supplying efficient, cost-effective power plants.