Solar Alliance to Build 2.4 MW Solar Project in Southeast United States
14 March 2018 - 10:00PM
VANCOUVER, British Columbia, March 14, 2018
(GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. (‘Solar
Alliance’ or the ‘Company’) (TSX-V:SOLR) is pleased to
announce it will build a 2.4 MW commercial solar project (the
‘Project’) for a Fortune Global 500 company in the Southeast U.S.
The Company will design, engineer and construct the 2.4 megawatt
ground mount solar project. The Project is the largest sold to date
by Solar Alliance and is equivalent to building 480 average-sized
residential solar systems. Solar Alliance has already secured
equipment for the Project and solar panels have already been
delivered to site. Estimated completion for the Project is Q3
2018.
“This Project marks the first large scale
commercial Project for Solar Alliance since the acquisition of our
Tennessee-based commercial division and we are proud to partner
with a respected Fortune Global 500 organization,” said Chairman
and CEO Jason Bak. “Our engineering team has been working closely
with the customer in order to deliver a project that reduces
electricity costs, offsets fossil fuel use and delivers an
economically attractive Project. This Project is representative of
the quality of the pipeline of commercial solar projects we are
developing and we believe that pipeline will dramatically enhance
our revenue profile moving forward. This is the first of a number
of projects of this type and caliber.”
The Solar Alliance team will carry out the
following activities for the Project:
- Design and secure all required engineering support
for the Project;
- Secure all permits and licenses required to complete
construction of the Project;
- Procure all material required for the Project
including modules, inverters and transformers to deliver
energy produced to the facility;
- Provide all labor required for construction of
the project, including site clearing and site
management; and,
- Provide on site training of personnel on the
safe operations and maintenance of the Project. Site
support includes installation of monitoring hardware
and configuration of network based monitoring.
Further updates on this project will be provided
during the construction period. For commercial reasons, the
identity of the Fortune Global 500 customer is not being released
until the Project’s completion.
Jason Bak, Chairman and CEO
|
For more information: |
Solar Alliance
Myke Clark
(604) 288-9051
mclark@solaralliance.com |
|
About Solar Alliance Energy Inc.
(www.solaralliance.com)
Solar Alliance is a sales, marketing and development company
focused on residential, commercial and industrial solar
installations. Since we were founded in 2003, we have developed
wind and solar projects that provide enough electricity to power
150,000 homes. Solar Alliance is committed to an exceptional
customer experience, effective marketing campaigns and superior
lead generation in order to drive sales and generate value for
shareholders. Our passion is improving life through ingenuity,
simplicity and freedom of choice. We make solar simple and our goal
is to install solar on every available rooftop in America.
Statements in this news release, other than
purely historical information, including statements relating to the
Company's future plans and objectives or expected results,
constitute Forward-looking statements. The words “would”, “will”,
“expected” and “estimated” or other similar words and phrases are
intended to identify forward-looking information. Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the Company’s actual results,
level of activity, performance or achievements to be materially
different than those expressed or implied by such forward-looking
information. Such factors include, but are not limited to:
uncertainties related to the ability to raise sufficient capital,
changes in economic conditions or financial markets, litigation,
legislative or other judicial, regulatory and political competitive
developments and technological or operational difficulties.
Consequently, actual results may vary materially from those
described in the forward-looking statements.
“Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release."
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