The first project is a ground mount system with a capacity of 250-kilowatts (“kW”) and a capital cost of
“These projects are the latest for
The two projects contribute to a backlog of contracted projects that now totals
- A 565-kW commercial solar project for a manufacturing client in
Tennessee . The project, with a$1.47 million capital cost, is scheduled to begin construction in Q3 2023 and is currently targeted for completion by the end of 2023. - An 872-kW solar project in
Tennessee announced onFebruary 13, 2023 , with a$1.8 million capital cost. Design and engineering on the project began in Q2 2023 with completion targeted by the end of 2023.
“The focused work of our team has created a strong foundation for a growing, sustainable company that offers a unique investment opportunity in the renewables sector, and we are now experiencing strong sales growth as a result. The economic basis for businesses to make the switch to solar is more compelling than ever and we are increasingly confident in the road ahead,” concluded Clark.
For more information: |
Investor Relations 416-848-7744 mclark@solaralliance.com |
About
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, legislative and political competitive developments, technological or operational difficulties, the ability to maintain revenue growth, the ability to execute on the Company’s strategies, the ability to complete the Company’s current and backlog of solar projects and the ability to grow the Company’s market share. 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
Source:
2023 GlobeNewswire, Inc., source