27.04.2010 18:26:00

Premier Power Expands into Czech Republic with 19 Megawatt EPC and JV Agreement

Premier Power Renewable Energy, Inc. (OTCBB:PPRW), a global leader in the development, design, engineering and construction of solar power systems for commercial, government and utility markets in the U.S., Spain and Italy, today announced an agreement to develop 19 megawatts (Mws) of photovoltaic (PV) projects in one of the hottest solar markets in the world. Premier Power has entered into a joint venture (JV) with Czech Republic based Plaan Czech s.r.o. to develop 19 Mws of solar PV projects throughout the Czech Republic. The first 3 Mws, which include the Jarsov (2 Mws) and Verovice (1 Mws) projects, will begin construction immediately. The projects are being completed for local investors. The company expects the initial 3 Mws to be completed by July 2010. Premier Power and Plaan Czech will act as co-developer and engineering, procurement and constructions (EPC) partners on all projects under the agreement.

Dean R. Marks, chief executive officer of Premier Power said: "With among the most generous feed-in tariffs in the world, the Czech Republic is quickly becoming one of the hottest solar markets in the world today. We believe we are perfectly positioned to capitalize on its growth as a result of Premier Power’s proven capabilities on the European continent, and our joint development agreement with Plaan Czech. Our expansion into the Czech Republic fits with our strategy to establish a strong presence in those European markets where their governments have recognized and are promoting alternative energy, and in particular solar power.”

Bjorn Persson, executive vice president, Europe for Premier Power said: "Premier Power’s expertise in the design, engineering and construction of commercial and utility-scale solar systems, coupled with Plaan Czech’s local knowledge, engineering experience and portfolio of permitted projects in the Czech Republic, positions Premier Power to capitalize on these opportunities and become a leader in another fast-growing market.”

Petr Marek, president of Plaan Czech said: "Plaan Czech is committed to the development of solar projects throughout the Czech Republic through the utilization of best practices. Plaan Czech and Premier Power, working collectively, will be able to offer industry leading engineering, installation and asset management to our collective customers. Plaan Czech is thrilled to be working with Premier Power and is looking forward to developing a robust portfolio together.”

"The Czech Republic’s feed-in tariff is currently 0.48 Eur/kWh making it a higher feed-in tariff than in most other European markets and the contracts with the Utilities are for 20 years,” explained Alexis Issaharoff, Vice President, Business Development, and Premier Power. "While their feed-in tariff for 2011 is expected to decrease approximately five percent, the Czech Republic will continue to be one of the most promising markets in the world for 2011.”

About Premier Power

Premier Power Renewable Energy, Inc. currently maintains offices in the US, Italy, Spain, France and now through this JV the Czech Republic. Premier Power uses its global experience to develop and maintaining the industry best practices and cutting edge innovation. Premier Power is a leading global provider of large and small-scale solar power systems, delivering unmatched experience to commercial, governmental and residential customers throughout North America and Europe. Premier Power designs, engineers and integrates the solar industry's leading products. Premier Power's technologies and services have enabled its customers to maximize clean energy output along with project savings. Premier Power is headquartered in El Dorado Hills, CA and has common stock quoted on the OTC Bulletin Board under the symbol PPRW.OB. Additional information is available at the Company's website at www.premierpower.com.

About Plaan Czech

Plaan Czech is a leading electrical design and engineering company focused on solar energy in the Czech Republic. They have a staff of highly trained engineers and are active in the local market developing a portfolio of projects. The company provides turnkey commercial, utility, and residential size installations. Plaan Czech is headquartered in Kromeriz, Czech Republic. Additional information is available at the company’s website, www.plaan.cz.

FORWARD-LOOKING STATEMENTS

This release contains certain "forward-looking statements" relating to the business of Premier Power Renewable Energy, Inc. ("Premier”), which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to reliance on a limited number of customers, market demand, cyclical nature of our markets, reliance on key personnel, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on Premier's current expectations and beliefs concerning future developments and their potential effects on the company. There can be no assurance that future developments affecting Premier will be those anticipated by Premier. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

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