- Solar energy provider, UGE International (UGE) has signed agreements to develop and build rooftop solar projects in two Maine schools
- With rated peak capacities of 1.0 megawatt and 0.7 megawatts, the projects will provide the schools with cleaner, cheaper energy
- Collectively, these two projects will add approximately C$3.17 million to UGE’s project backlog
- The company has previously built over 50 solar installations for schools in Canada, the US, and the Philippines
- UGE International (UGE) is up 2.56 per cent and is currently trading at 40 cents per share
Solar energy provider, UGE International (UGE) has signed agreements to develop and build rooftop solar projects in two Maine schools.
The two projects will provide the schools in Maine with cleaner, more affordable energy, as well as an interesting educational tool. Since many schools typically have flat, empty rooftops, this makes them perfect for hosting solar systems, which lower operating expenditures.
UGE is quite familiar with providing solar energy to schools. During its history, the company has built over 50 solar installations for schools in Canada, the US, and the Philippines.
UGE expects that the projects will have rated peak capacities of 1.0 megawatt and 0.7 megawatts. Collectively, the two new agreements will add approximately C$3.17 million to the company’s project backlog.
The agreements also represent continuing demand for solar energy services in this area of the United States. In late May of this year, UGE announced three agreements for solar projects in Maine.
At the time, the company was already constructing one of the state’s first community solar projects.
UGE’s CEO, Nick Blitterswyk, commented on the latest agreements, which reinforces the company’s presence in the state of Maine.
“Maine represents a new and growing market for UGE; one that offers opportunity through its recent virtual net metering regulations, facilitating community solar projects.
“We have already begun the design and submitted for utility interconnection approval, and we anticipate completing the development and installation of the projects over the next 12 months,” he said.
UGE International (UGE) is up 2.56 per cent and is trading at 40 cents per share at 10:28am EDT.