WORLD'S LARGEST SOLAR HEATING & COOLING PROJECT LAUNCHED
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VANIR ENERGY ANNOUNCED IT'S INSTALLATION IN FLETCHER, NC
FLETCHER, N.C., November 20, 2008 – Appalachian Solar Energy announced today
that it has been acquired by Vanir Energy LLC, a subsidiary of Vanir Group of Companies
Inc. Vanir Energy will be headquartered in Fletcher and staffed by the former personnel of
Appalachian Solar Energy with support from Vanir management in Sacramento, Calif.
The announcement, which was made during the AdvantageWest Annual Banquet at
the Grove Park Inn in Asheville, was well-received by the federal, state and local leaders
in attendance because it means $14 million will be invested in solar thermal technology
projects throughout North Carolina in 2009.
Vanir Energy will own and operate the solar thermal systems it installs, allowing its
customers to “go solar” without making capital expenditures.
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