Source: Solar Alliance Energy Inc.
  • Solar Alliance Energy (SOLR) has signed a contract to design and build a 500-kilowatt solar project for a commercial customer in Kentucky
  • The capital cost of the project is US$750,000
  • It will be powered by more than 1,000 Cat solar modules and is expected to be completed by the end of 2022
  • Solar Alliance is an energy solutions provider focused on residential, commercial and industrial solar installations
  • Solar Alliance Energy Inc. (SOLR) opened trading at $0.095 per share

Solar Alliance Energy (SOLR) has signed a contract to design and build a 500-kilowatt solar project for a commercial customer in Kentucky.

The project, with a capital cost of US$750,000, will be powered by more than 1,000 Cat solar modules and is expected to be completed by the end of 2022.

“The Solar Alliance team continues to deliver quality, economic solar projects to our customers and that has resulted in increased contract signings in 2022,” stated CEO Myke Clark.

“With the addition of this project, Solar Alliance’s backlog of projects under contract now exceeds $5,000,000, and this growth is driven by our shift to larger solar projects with commercial and utility customers over the last two quarters,” he added.

The project is the latest to be built in partnership with Boyd CAT, the authorized dealer of Cat solar equipment for businesses and contractors across Kentucky, Southern Indiana, West Virginia and Southeastern Ohio.

To date, Boyd CAT and Solar Alliance have partnered on several projects including the completed 1 megawatt (MW) solar project for Louisville Gas and Electric Company and Kentucky Utilities Company and a 1 MW project for the Knoxville Utilities Board that will be constructed this year.

Solar Alliance is an energy solutions provider focused on residential, commercial and industrial solar installations.

Solar Alliance Energy Inc. opened trading at $0.095 per share.

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