Pardee Resources Company: Solar Acquisition

October 26, 2017
Pardee Resources Company (the “Company”) reports that in April 2017 it invested $1.8 million in the purchase of a 561 kilowatt (dc) solar photovoltaic system located at Northern Arizona University in Flagstaff, Arizona.  “We are very pleased to make this addition to our Alternative Energy Division’s portfolio as we remain focused on the growing renewable […]

Pardee Resources Company: Solar Acquisition

August 1, 2016
Philadelphia, August 1, 2016. Pardee Resources Company  (OTC: PDER) (the “Company”) reports that its subsidiary, Pardee Solar 1 LLC, recently closed on an investment in a renewable energy partnership that owns a ground-mounted 1.25 MW (dc) solar photovoltaic  system located in Foster, Rhode Island. The Company’s investment in this partnership is $1.1 million.  The funding […]

Pardee Resources Company: Second Agricultural Investment

May 17, 2016
Pardee Resources Company (OTC: PDER) (the “Company”) reports that its subsidiary, Pardee Agricultural Properties LLC, recently acquired an interest in a partnership that leases a 220 acre farmland tract located in Kern County, at the southern end of California’s Central Valley.  The tract will be developed and managed for premium table grapes by a local, […]

Pardee Resources Company: Solar Acquisitions

December 21, 2015
Pardee Resources Company (OTC: PDER) (the “Company”) reports that its subsidiary, Pardee Solar 1 LLC, recently closed on investments in two renewable energy partnerships. One partnership owns 125 mobile solar generator units which are committed to a major telecommunications company under a long-term lease.  The Company’s investment in this partnership is $7.7 million and it […]

Pardee Resources Company Restructuring

December 15, 2015
Pardee Resources Company (OTC: PDER) (the “Company”) announced today that it has implemented a restructuring plan to better align its costs with current energy market conditions. The Company estimates that the restructuring charges will be $550,000 in 2015 and $150,000 in 2016.  The Company also estimates that this restructuring plan will reduce its annual expenses […]

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