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Solar Park Initiatives, Inc. (SOPV.OB) previously reported that it had signed a Letter of Intent to build a solar park on 285 acres of land in California. Solar Park Initiatives will be involved in the design, construction and operation of the solar park which could generate up to $70 million in revenues, depending on completed funding and project development.
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SOPV is a solar energy company dedicated to utility and commercial solar park developments in North America.
SOPV reported that the costs associated with solar electricity are falling mainly due to improved cell efficiency, improved solar manufacturing, and lower construction costs.