Green Energy Live to acquire Peck Electric

first_imgGreen Energy Live, Inc (OTCBB: GELV) of Michigan announced yesterday that it has signed a letter of intent to acquire Peck Electric of South Burlington, Vermont, a leader in Solar Energy Installations and electrical contracting.Vermont enacted the Vermont Clean Energy Development Fund (CEDF) in 2007 and it is scheduled to run clean renewable energy funding through 2012. The overall goal is to increase renewable energy and economic development of renewable energy companies in the state. With Peck Electric being brought under Green Energy Live’s umbrella, the company is better positioned to receive benefit from the CEDF.As costs of photovoltaic equipment continue to drop, solar energy demand has surged on average of 23% annually over the last 20 years, with an expected 30 percent increase over the next 3 years.Source: NEW YORK, NY — (Marketwire) — 02/25/10 —last_img read more