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Solar Alliance Energy (TSXV:SOLR) continues to shine
  • Solar Alliance Energy (SOLR) has reported continuing growth in sales of its solar energy systems during 2020’s first half
  • Only six months into the year, the company has nearly matched total sales of residential solar systems from 2019
  • Solar Alliance has seen substantial growth in both its residential division and commercial projects since the year started
  • The company has also increased its sales and installation teams, in order to meet growing demand
  • Solar Alliance Energy (SOLR) is down 16.67 per cent and is currently trading at C$0.025 cents per share 

Solar Alliance Energy (SOLR) has reported continuing growth in sales of its solar energy systems during 2020’s first half.

The company’s operations date for the first half of the year showed promising results in various areas. Only six months into 2020, Solar Alliance has nearly matched total residential solar system sales for the entirety of 2019.

The company is also on track to exceed commercial installation for last year. For the full 2019 year, Solar Alliance completed 17 commercial projects. 

Halfway through 2020, the company already has eight commercial projects, with 3 more to be completed by the end of August. Solar Alliance also has several other projects which have the potential to be completed by the end of the year. 

So far this year, the company has seen substantial growth in its residential division. While it completed 77 residential projects in 2019, Solar Alliance has already completed 68 projects in 2020’s first half. 

The company has remained open for business during the COVID-19 pandemic and the resulting economic turmoil. In response to growing demand for renewable energy, Solar Alliance has increased its sales and installation teams.

Solar Alliance’s CEO, Myke Clark, commented on the company’s performance during the ongoing COVID-19 pandemic. 

“Solar Alliance continues to provide our customers with solar energy systems, battery-based and generator backup systems and energy management solutions during the current economic crisis.

“We believe solar energy is well-positioned as an industry to emerge from the current economic crisis stronger than ever, due to the resilient nature of solar energy and the desire for consumers to take control of their electricity generation. We have seen this illustrated through increasing our sales and installation teams in order to meet the demand.

“While carrying out this work, the safety of our employees, customers, and our community is paramount. We are taking appropriate measures to ensure our staff are safe, which includes working from home where appropriate and communicating daily with our customers,” he said.

Solar Alliance Energy (SOLR) is down 16.67 per cent and is trading at C$0.025 cents per share at 10:00am EDT.


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