- Solar Alliance Energy, a solar energy solutions provider, has signed contracts for five solar projects in the Southeast U.S.
- The Tennessee and Kentucky-based contracts range in size from 40 kW to 113 kW, have a combined capital cost of $1.1 million, and are slated for completion by year end
- Solar Alliance’s backlog now totals $3.1 million
- Solar Alliance is a solar power solutions provider focused on the commercial, utility and community sectors
- Solar Alliance Energy (TSXV:SOLR) last traded at $0.08 per share
Solar Alliance Energy, a solar energy solutions provider, has signed contracts for five solar projects in the Southeast U.S.
The Tennessee and Kentucky-based contracts range in size from 40 kW to 113 kW, include a range of industries – manufacturing, agriculture, engineering, beverage warehousing – and have a combined capital cost of $1.1 million.
The projects are slated for completion by year end.
Solar Alliance’s backlog now stands at $3.1 million.
The news follows a $1.8 million contract in Tennessee and an acquisition to catalyze company growth.
“Solar Alliance is proud to help small and medium-size businesses lower their operating costs along with their energy usage, making solar a practical option for them,” said CEO Myke Clark. “While we continue to execute on larger solar projects, we are also increasing sales of smaller commercial projects that contribute to our overall growth trajectory. A diverse pipeline of projects helps Solar Alliance manage cashflows and grow responsibly as we target profitability.”
“Resilience for business owners in addition to a lower cost of energy is making on-site solar energy production an attractive alternative for businesses in the Southeast U.S.,” he added. “The availability of investment tax credits for businesses makes solar power even more attractive and we are proud to be helping so many businesses transition to solar.”
Solar Alliance is a solar power solutions provider focused on the commercial, utility and community sectors.
Solar Alliance Energy (TSXV:SOLR) last traded at $0.08 per share.
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