- Solar Alliance (SOLR) has signed a contract for a 526 kilowatt solar project in Tennessee
- Construction will begin this month with the project scheduled to be operational by the end of the year
- The company has been fortifying revenue from small and large-scale third-party solar systems as it grows its owned-and-operated pipeline
- Solar Alliance is an energy solutions provider focused on residential, commercial and industrial solar installations
- Solar Alliance Energy (SOLR) is up by 31.43 per cent and is currently trading at $0.23 per share
Solar Alliance (SOLR) has signed a contract for a 526 kilowatt solar project in Tennessee.
The company will design, engineer and install the project with construction set to begin this month.
The facility is scheduled to be operational by the end of the year.
In addition to large-scale projects in its sales pipeline, Solar Alliance continues to generate consistent revenue from the sale and installation of smaller commercial and residential projects.
These two revenue streams are contributing to strong growth in the company’s third-party sales while it develops a growing pipeline of projects that it will own and operate, generating long-term recurring revenue.
Myke Clark, Solar Alliance’s CEO, stated,
“This is one of our largest projects to date and it is indicative of the size of projects we are now focused on as we grow our company and bring the benefits of solar energy to businesses in the U.S. Southeast.
We have been building a substantial sales pipeline of projects like this as we target larger commercial and utility-scale projects. The results of this strategy, and investment in these large project opportunities, are now being realized as we continue to execute on this pipeline.”
Solar Alliance is an energy solutions provider focused on residential, commercial and industrial solar installations. The company operates in Tennessee, Kentucky, Illinois and North and South Carolina. Since its inception, Solar Alliance has developed US$1 billion in renewable energy projects that provide enough electricity to power 150,000 homes.
Solar Alliance Energy (SOLR) is up by 31.43 per cent and is currently trading at $0.23 per share as of 10:07 am ET.