CBD Energy Subsidiary Awarded $1.7M in Contracts
CBD ENERGY LTD ORDINARY SH (CBDE)
Company Research
Source: Business Wire
Australian Subsidiary Parmac Signs Energy Efficiency Agreements SYDNEY--(BUSINESS WIRE)-- CBD Energy Limited (NASDAQ: CBDE), a diversified clean energy company and leading global provider of solar systems, has, through its Australian Energy Efficiency subsidiary, Parmac, been awarded installation and maintenance contracts in Melbourne, Australia. The total estimated value of the contracts is approximately US$1.7 million. The projects are expected to be commissioned in September and to be completed in December, 2014. As part of the agreements, Parmac will also earn ongoing operations and maintenance fees. CBD Energy Executive Chairman Gerry McGowan said the contracts and the ongoing service and maintenance fees demonstrate the recurring revenue streams associated with larger-scale installations. “As CBDE builds scale in North America, Europe and Asia, we believe our earnings and assoc
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