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
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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.”