Solar Alliance signs two new contracts totalling $530K
by CM Staff
The first project is a rooftop system with a capacity of 131-kilowatts (kW) and a capital cost of $380,000.
TORONTO and KNOXVILLE — Solar Alliance Energy Inc., a solar energy solutions provider focused on the commercial and industrial solar sector, announces that it has signed contracts for the design, engineering, and construction of two commercial solar projects for a client in Tennessee, with a total capital cost of $530,000.
The two projects contribute to a backlog of contracted projects that now totals $6.6 million.
The first project is a rooftop system with a capacity of 131-kilowatts (kW) and a capital cost of $380,000. The second project is a rooftop system with a capacity of 43-kW and a capital cost of $150,000. The two projects are scheduled to begin construction in Q3 2023 and are currently targeted for completion by the end of 2023.
“Our team continues to provide quality commercial solar opportunities for businesses in the Southeast U.S. and that is translating into significant sales growth this year,” said CEO Myke Clark. “We have successfully transitioned our business into larger commercial and industrial solar systems and the accelerated sales growth we are experiencing has resulted in a significant backlog of contracted projects. This backlog, which is the largest Solar Alliance has ever experienced in commercial solar, provides a strong foundation for continued growth this year and into 2024,” concluded Clark.
The $6.6 million backlog of contracted projects includes the following previously announced contracts:
Two projects, 250-kW and 299-kW, for a Tennessee client announced on July 10, 2023. The two projects, with a combined capital cost of $1.58 million, are scheduled to begin construction in Q3 2023 and are currently targeted for completion in Q1 2024.
A 565-kW commercial solar project for a manufacturing client in Tennessee announced on May 31, 2023. 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 on February 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.
