NEW YORK--(BUSINESS WIRE)--CBD Energy Limited, or CBD, (OTCBB: CBDNF) today announced its entry into the U.S. residential solar market with the signing of a 7 KW home system under its solar installations brand, Westinghouse Solar. CBD Energy Limited is a diversified clean energy company and leading global provider of solar systems, having completed more than 17,000 residential installations. CBD Energy Limited markets its residential and commercial solar installations under the name Westinghouse Solar.
The 7 KW system, for a residence in Allenhurst, New Jersey, is estimated to save the customer approximately 40% on their energy bill and more than $60,000 over the life of the system. Westinghouse Solar will conduct a comprehensive energy assessment to determine whether additional energy upgrades could further increase the energy efficiency of the residence.
“Achieving our first sale is always the hardest and we’re delighted that we accomplished this in the fiercely competitive New Jersey residential solar market. We’re confident that CBD Energy’s extensive experience in residential, commercial and utility solar installations will serve us well as we launch a full spectrum of services under the Westinghouse Solar brand in targeted regions across the United States,” said James Greer, SVP of Westinghouse Solar U.S.
About CBD Energy Limited (OTCBB: CBDNF)
Established in 1989, CBD Energy Limited, or CBD, is a diversified renewable energy company and a global leader in solar installations. Powered by a management team with deep experience in the energy sector and strong engineering capabilities, CBD is focused on the integration of residential solar, commercial and industrial solar, small utility scale solar and wind projects, in three principal markets - Australia, the U.S. and UK.
Headquartered in Sydney, with principal regional offices in London and New York, CBD has completed projects across four continents, in countries as far-reaching as Australia, Fiji, Germany, Italy, New Zealand, the UK and the U.S. CBD has installed more than 17,000 residential systems and developed large renewable energy projects such as the 107MW wind farm in Taralga, NSW. CBD markets its residential and commercial solar installations under the name Westinghouse Solar, using the WESTINGHOUSE® trademark pursuant to an exclusive, long-term worldwide license. For further information on CBD Energy Limited and Westinghouse Solar, please visit:
Caution Concerning Forward-Looking Statements
This news release contains ‘forward-looking statements. Such forward-looking statements can be identified by, amongst other things, the use of forward-looking language, such as the words ‘plan’, ‘believe’, ‘expect’, ‘anticipate’, ‘intend’, ‘estimate’, ‘project’, ‘may’, ‘would’, ‘could’, ‘should’, ‘seeks’, or ‘scheduled to’, or other similar words, or the negative of these terms, or other variations of these terms or comparable language, or by discussion of strategy or intentions.
The forward-looking statements in this release include statements regarding estimated energy savings, among others. Such forward-looking statements are subject to various risks, as well as those set forth in the Corporation’s most recent Form F-1, as filed with the U.S. Securities and Exchange Commission (SEC), and involve assumptions, estimates, and uncertainties that reflect current internal projections, expectations or beliefs. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. All forward looking statements contained in this news release are qualified in their entirety by these cautionary statements and the risk factors described above. Furthermore, all such statements are made as of the date of this release, and CBD Energy Limited assumes no obligation to update or revise these statements unless otherwise required by law.