Solar Energy Initiatives, Inc. Updates Plans for Solar Park Initiatives (SPI)

Solar Energy Initiatives, Inc. (OTCBB:SNRY) executing on its corporate mission to Renew The Nation via economic development through the sale and installation of Solar Thermal, Photovoltaic (PV) and other Solar technologies, today announced an update of plans for its wholly owned subsidiary, Solar Park Initiatives, Inc.

Mr. David Fann, Chief Executive Officer of Solar Energy Initiatives, stated, “The board of SNRY after giving heed to current market conditions, timing of regulatory approvals, and the funding needs of SPI and its utility scale projects, expects a transaction to be completed in the first quarter of 2010 with an eye to unlock long term value for its shareholders. We believe that such a transaction when completed will allow each of SNRY and SPI separately to capitalize on their emerging respective pipelines.”

Solar Park Initiatives intends to focus on the development of large utility-scale solar parks. SPI will target projects ranging from 10 to 500 megawatts principally in geographic locations with federal tax incentives for renewable energy. SPI continues to pursue several solar park opportunities over 400 megawatts with additional projects under evaluation.

About Solar Energy Initiatives, Inc.

Solar Energy Initiatives, Inc. (www.SolarEnergy.com) is executing its “RENEW THE NATION” campaign, intended to promote job growth nationwide via an aggressive grass roots effort. The main focus of RENEW THE NATION will be working with companies in the construction industry and related trades affected by the economic downturn to re-train and re-deploy their workforce into solar dealers, allowing this important national asset to meet the needs of the Solar Energy industry, the fastest growing industry in the world. We are executing on a multi-pronged approach to achieve our plan. This includes: continuing development of one of the fastest growing dealer networks in the U.S. that sells and installs solar solutions to homeowners and commercial customers; solar education and technical training to the private and public sectors, placing solar systems on large commercial buildings and selling the energy output to the owner/occupant(s) through Solar Power Purchase Agreements (PPAs); and becoming a developer of solar parks bringing together landowners, utilities and our corporate resources to build large photovoltaic installations.

The Company’s dealer network of solar energy installers has access to Canadian Solar (NASDAQ: CSIQ), BP Solar (NYSE:BP , GE Solar (NYSE:GE) and Suntech (NYSE:STP) equipment via its distribution agreements. While Solar Energy Initiatives is not a solar franchise, and the Company does not compete directly with industry giants such as First Solar (NASDAQ:FSLR), Kyocera (NYSE:KYO), or Sanyo (OTC:SANYY), or as a system integrator, it provides exciting and practical solutions to businesses and individuals worldwide that understand the value of solar power.

FORWARD LOOKING STATEMENTS:

Except for statements of historical fact, the matters discussed above are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control, that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, intense competition, and difficulty in developing, exploiting and protecting proprietary technologies; as well as additional risks factors discussed in the reports filed by the company with the Securities and Exchange Commission, which are available on its website at http://www.sec.gov. Except as required by law, the company undertakes no obligation to update any information.

Solar Energy Initiatives (PK) (USOTC:SNRY)
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