Evolution Solar Comments on Solar Energy Summit


TEMPE, Ariz.-(Business Wire)-January 12, 2009 – Robert Kaapke , CEO of Evolution Solar Corp. (Pink Sheets:EVSO), made the following comments on The Arizona Leadership Summit on Solar Energy Economics held in Phoenix on Thursday and Friday.

Solar industry leaders and experts converged Thursday from around the country to Phoenix to make their case for Arizona becoming a major player in the Solar industry solar panels sydney. Timing is everything and the time for Arizona to act is now. Demand may be lagging and obstacles have to be overcome but it is important that we take action now before opportunities erode. In addition to Evolution Solar Corp., many giants in the solar industry conduct business in Arizona to include the likes of First Solar (NASDAQ:FSLR), Kyocera Corp. (NYSE:KYO), and BP Solar (NYSE:BP).

The University of Arizona researcher William Patton concluded that Arizona could achieve sizable economic development through 2030 if it adopts the right incentives to lure the industry to the state. The state could cap out a $2.5 billion investment in solar infrastructure a year in 2025, based on Patton’s study, up from an estimated $84 million in 2010. Solar construction could also generate more than 16,500 new jobs in 2025. Wages paid out could total $19.4 billion between 2010 and 2030 from solar construction and operations with maintenance adding an additional $128 million. To reach this goal the state would have to develop more that 4,300 megawatts of solar generating capacity, built on 20.5 square miles. Officials said the state’s in a prime position to land solar development.

“I believe we’re on the verge in Arizona of exploding in this market,” said Rick Gilliam, managing director for policy at Sun Edison LLC, a solar provider based in Beltsville, Md.

About Evolution Solar Corporation

Evolution Solar Corporation (Pink Sheets:EVSO), commercializes leading edge alternative solar energy technologies and related photovoltaic technologies, equipment and next generation appliances. Evolution Solar is an emerging industry leader capitalizing on its understanding of solar technology and supporting the development of alternative energy plans for large corporations and government organizations. Evolution Solar is also an expert consultant agency to organizations in their strategic and procurement plans for alternative energy contracts with public utilities. For more information please visit our homepage at: www.evolutionsolar.com.

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