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PennyStocon Apr 20, 2017 10:48am
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Canada’s Solar Alliance Energy expands sales team
Canada’s Solar Alliance Energy expands sales team Canadian solar firm Solar Alliance Energy has successfully expanded its sales team in preparation for the acquisition of certain US solar assets.
The company has signed a Letter of Intent with the undisclosed seller in order to accelerate the transition of the seller’s sales team to Solar Alliance. The expanded team will be responsible for more than 7MW of residential solar systems to the sum of more than US$34,305,000 in revenue last year.
The newly-expanded team will begin selling with Solar Alliance this month.
Solar Alliance and the seller accelerated the transition of the sales team while the two parties continue to work on a definitive transaction agreement for the assets. The agreement includes terms related to the acquisition of the seller’s pipeline of in-process residential solar projects, according to CEO Jason Bak. The company is carrying out the necessary due diligence and is anticipating final closing by 21 April 2017.
https://www.pv-tech.org/news/movers-shakers-azuri-technologies-abb-ibc-solar-solar-alliance-energy