Solar Alliance completes construction of 500-kW utility solar project for LG&E and KU in Kentucky
July 27 2022 - 06:00AM
Solar Alliance Energy Inc. (‘Solar Alliance’ or the
‘Company’) (TSX-V: SOLR, OTCQB: SAENF) is pleased to
announce the Company has completed construction of a 500-kilowatt
(“kW”) solar project in Kentucky for Louisville Gas and Electric
Company (“LG&E”) and Kentucky Utilities Company (“KU”).
“Solar Alliance is proud to be part of the
accelerating decarbonization of the power grid throughout the
Southeast and beyond, and we’ll continue to do our part to support
clean energy economic development in communities,” said CEO Myke
Clark. “Our contracted pipeline of large solar projects continues
to grow, and this is the latest example of the type of project we
are consistently delivering for our customers.”
The project, the fifth section of LG&E and
KU’s Solar Share facility, is now operational and part of a
subscription-based program available to residential, business and
industrial customers who want to support local solar energy.
“Our portfolio of sustainable tools and
programs, like Solar Share, makes it possible for customers to
support local and regional renewable energy on their own terms by
personalizing their participation levels to match their interests,”
said LG&E and KU President John Crockett. “Together with
our customers, we’re empowering a cleaner, sustainable energy
future for Kentucky.”
This project represents a total of 1.5 megawatts
of photovoltaic infrastructure engineered and installed by Solar
Alliance for the utilities. The contract for this project includes
an option for LG&E and KU to select Solar Alliance to build an
additional 500-kW system at the same location.
LG&E and KU’s Solar Share program is leading
the way for individuals and businesses to become part of the clean
energy transition without the need for up-front costs – for as
little as 20 cents per day. Those who enroll in Solar Share can
earn credits on monthly utility bills based on their subscription
level or use the gifting option to transfer the monthly credits to
another customer or community organization in the utilities’
service areas.
This project is the latest to be completed in
Kentucky, which remains a geographic focus for Solar Alliance. The
growing portfolio of projects in Kentucky is supported by the
growing and strong partnership built with Boyd CAT, the authorized
dealer of Cat® solar equipment for businesses and contractors
across Kentucky, Southern Indiana, West Virginia and Southeastern
Ohio.
Myke Clark, CEO
For more information: |
Solar Alliance Sales(865)
309-4674info@solaralliance.com Investor
RelationsMyke Clark,
CEO416-848-7744mclark@solaralliance.com |
About Solar Alliance Energy Inc.
(www.solaralliance.com)
Solar Alliance is an energy solutions provider focused on
residential, commercial and industrial solar installations. The
Company operates in Tennessee, Kentucky, North/South Carolina and
Illinois and has an expanding pipeline of solar projects. Since it
was founded in 2003, the Company has developed $1 billion of
renewable energy projects that provide enough electricity to power
150,000 homes. Our passion is improving life through ingenuity,
simplicity and freedom of choice. Solar Alliance reduces or
eliminates customers' vulnerability to rising energy costs, offers
an environmentally friendly source of electricity generation, and
provides affordable, turnkey clean energy solutions.
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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