Solar Alliance Energy Inc. has signed contracts for five new solar projects in the Southeast U.S. according to a May 25 news release. The contracts range in scope from 40 kilowatts (kW) to 113 kW, and are located in both Tennessee and Kentucky.
In total, the five design and installation contracts for a range of industries are worth $1.1 million. The company expects the projects to be completed in 2023, according to a May 25 news release.
Solar Alliance CEO Myke Clark said while the company is still closing larger projects, it hasn’t forgone the smaller projects to do so.
“While we continue to execute on larger solar projects, we are also increasing sales of smaller commercial projects that contribute to our overall growth trajectory. A diverse pipeline of projects helps Solar Alliance manage cashflows and grow responsibly as we target profitability,” Clark said. “These projects are particularly important to Solar Alliance as the electricity cost savings that will result from the switch to solar will enable these businesses to reinvest their hard-earned capital into other opportunities.”
According to the release, the five contracts include:
- A 113-kW system for a manufacturing client in Red Boiling Springs, Tennessee.
- A 48-kW rooftop solar project on an office building in Oak Ridge, Tennessee.
- A 46-kW solar system for an agricultural client in Bowling Green, Kentucky.
- A 44-kW solar system for an engineering firm Cleveland, Tennessee.
- A 40-kW project for a beverage warehousing client in Newport, Tennessee.
Solar Alliance is an energy solutions company based in Tennessee, Kentucky, and the surrounding areas.
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