- Solar Alliance Energy (TSXV:SOLR), a growth-stage solar energy stock, has added two contracts worth $1.58M in Tennessee
- The contracts pertain to 250-kilowatt (kW) and 299-kW ground mount systems
- The company’s project backlog now stands at $6.1 million
- The solar energy stock (TSXV:SOLR) last traded at $0.07 per share
Solar Alliance Energy (TSXV:SOLR), a growth-stage solar energy stock, has added two contracts worth $1.58 million in Tennessee.
The contracts involve the design, engineering and construction of two commercial solar projects for a single client. The first project is a 250-kW ground mount system with a capital cost of $720,000, while the second project is a 299-kW ground mount system with a capital cost of $860,000. Construction is slated to begin in Q3 2023 with completion by Q1 2024.
Solar Alliance’s backlog of contracted projects now totals $6.1 million. This includes a 565-kW commercial solar project for a manufacturer in Tennessee targeted for completion by year end, as well as a 872-kW solar project, also in Tennessee, with completion targeted by year end.
“Our commitment to providing outstanding customer service and technical expertise is driving increasing sales for our company and quality solar projects for our customers,” CEO Myke Clark said in a statement. “The demand we are seeing for commercial and industrial solar is intensifying as the financial and environmental benefits of solar are becoming clearer to business owners. We believe our current contracted backlog of projects positions Solar Alliance for yet another year of strong revenue growth in 2023 and is now setting the stage for sustained growth into 2024.”
Solar Alliance is a growing renewable energy solutions provider focused on the commercial, utility and community solar sectors.
The solar energy stock (TSXV:SOLR) last traded at $0.07 per share.
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