Santa Monica Place Mall

Spear Point Energy has signed a Power Purchase Agreement with a national mall owner. The 20 year agreement commits the owner to purchase power from a 109 kW photovoltaic solar energy installation that Spear Point Energy will finance and own to be built on the roof of the newly constructed Santa Monica Place mall in California. Spear Point has contracted with Martifer Solar USA for the actual construction of the system which will begin in the late Fall of 2010. The solar energy installation will contribute towards the mall's LEED certification though the United States Green Building Council. The system requires no upfront cost from the building owner as Spear Point Energy pays for 100% of the system. Construction of the installation is scheduled to take about 3 months and will consist of 506 solar panel modules spread across three of the Mall's roofs. Spear Point Energy CEO, Sam Houston, commented "We are proud to work with this owner to be able to provide them clean, locally produced, power at a competitive rate." After installation is complete, the system will go through a series of inspections before it is commissioned and begins providing a portion of the power needs for common area lighting and other common building elements.

Pasadena Windsor Reservoir

Spear Point Energy has signed an agreement with the City of Pasadena, California for a 664 kW photovoltaic solar energy installation. Through a Power Purchase Agreement, the City has agreed to buy electricity generated from the system over the next 20 years. The $3 million installation will be located on the covered roof of the City's Windsor Reservoir complex and will be financed and owned by Spear Point Energy. The electricity that the City purchases from Spear Point will power the reservoir's pumps and other building equipment located at the site. City officials were attracted to the project as it aligns with the City of Pasadena's commitment to incorporate renewable technology into its buildings and operations, and will save taxpayers money over 20 years as the City will buy electricity from the installation at discounted prices. The system requires no upfront cost from the building owner as Spear Point Energy pays for 100% of the system. According to Erik Klinkner, Assistant General Manager and Chief Deputy of Pasadena Water and Power, "The Windsor Reservoir rooftop represents a huge untapped potential for generating clean solar power. We are thrilled that our partnership with Spear Point Energy will enable us to realize this potential and advance our renewable energy goals." The RFP was awarded to Spear Point Energy and Martifer Solar USA. Martifer will be responsible for construction of the system which is to be completed by April 2011. The installation will consist of 2,828 solar panel modules that will cover the majority of the reservoir's roof.

City of Aurora Municipal Building

Spear Point Energy has invested ,along with Martifer Solar USA, in the financing of a solar installation on 3 buildings owned by the City of Aurora, Colorado. They include the Aurora Municipal Justice Center, Police District 2/History Museum building and the North Satellite Main Shop. The construction of this project was completed by Martifer Solar USA with the switch turned on September 29, 2010. The North Satellite building has an initial electricity production estimated to be approximately 138,700kWh based on a 101.66 kW DC installed system size. It will use a rebate program offered by Xcel Energy. The Aurora Municipal Justice Center building will also produce approximately 138,700 kWh on an annual basis when initially installed based on a 101.66 kW DC system.