TORONTO and KNOXVILLE, Tenn., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR) is pleased to announce it has signed a contract with Louisville Gas and Electric Company and Kentucky Utilities Company (“LG&E and KU”), part of the PPL Corporation (NYSE: PPL) family of companies, to build an additional 500-kilowatt (“kW”) phase of a solar system in Kentucky. On November 9th, Solar Alliance announced it had signed a contract for a 500-kW system that included 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 exercised that option, and Solar Alliance will now build a combined 1-megawatt (“MW”) project for the customer. The two phases will be built simultaneously, and construction will commence in the spring of this year. The two projects represent sections three and four of LG&E and KU’s Solar Share Program, a cost-effective option available to the utilities’ residential, business and industrial customers who want to support solar energy for as little as 20 cents per day. A total of eight 500-kilowatt Solar Share sections are planned for the Simpsonville facility, for a total of four megawatts.
“Reaching the site’s halfway point is a milestone we’re thrilled to be approaching and one we couldn’t have reached without our customers,” said LG&E and KU Vice President of Customer Services Eileen Saunders. “We developed this program in response to our customers’ increasing interest in supporting local solar generation and advancing their sustainability goals, and that desire continues to grow across a variety of our customer categories.”
Solar Alliance is working with Boyd CAT, a regional Caterpillar dealer, on this and other projects as the two companies expand the portfolio of solar projects they are partnering on.
“Solar Alliance is proud to be building this additional 500-kilowatt project in Kentucky,” said Solar Alliance CEO Myke Clark. “This is a significant project for LG&E and KU’s Solar Share Program. This project also expands the portfolio of solar projects we are developing with Boyd CAT. They are a strong partner that brings expertise and quality products to these projects and we look forward to expanding our relationship with them on future projects.”
Construction of each section is completed as each becomes fully subscribed through customer enrollments. The utilities are currently accepting enrollments for the fifth section, which is now more than 45% subscribed.
About LG&E and KU
Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve more than 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 329,000 natural gas and 418,000 electric customers in Louisville and 16 surrounding counties. KU serves 558,000 customers in 77 Kentucky counties and five counties in Virginia. More information is available at www.lge-ku.com and www.pplweb.com.
Myke Clark, CEO
For more information: |
Solar Alliance Sales (865) 309-4674 info@solaralliance.com Investor Relations Myke Clark, CEO 416-848-7744 mclark@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, Illinois and North/South Carolina and has an expanding pipeline of solar projects. Since it was founded in 2003, the Company has developed wind and solar projects with a combined capital cost exceeding $1 billion 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.
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