Solar Alliance signs design agreement for 56 megawatt, US$60 million Illinois solar project

Solar Alliance signs design agreement for 56 megawatt, US$60 million Illinois solar project
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TORONTO – Solar Alliance Energy Inc.  (TSX-V: SOLR) reported it has signed a Solar Design agreement with Green Data Center Real Estate Inc. to commence design and detailed feasibility analysis on an initial 56-megawatt, US $60 million ground and roof mount solar project at a hyper scale data center in Illinois. It is anticipated the data center will have sufficient electricity demand to support a solar project up to 150 MW.

“This project represents a natural expansion for Solar Alliance into large project development and ownership,” said Solar Alliance CEO Myke Clark. “As we continue to design and build solar systems for residential builders and commercial clients, we are also excited to begin project development work on larger utility-scale systems. These projects take investment and time to pursue, but the return on investment through ownership potential is significant. The 56-megawatt project – with expansion potential up to 150-megawatts – in Illinois is a prime example of the type of new project we will be pursuing this year in addition to growing our commercial solar pipeline. Green Data is at the leading edge of an exciting, fast growing industry that Solar Alliance is proud to be a part of.”

“Solar Alliance has added value at every step of this project’s development, and we are pleased to sign this Solar Design Agreement and continue making progress.” said Green Data COO Sean Stofer. “This is a complex project which requires deep power sector expertise and having Solar Alliance as a potential project owner only increases our confidence in the success of this endeavor. We look forward to completing the next stage of this project and exploring other data center opportunities with the Solar Alliance team.”

The design work for the solar system is being completed in tandem with the final design work for the data center. The final project size and capital cost will be determined as part of the design process and a final construction agreement will be negotiated in advance of Notice to Proceed. Advancement of the project is dependent on the design and engineering targets and the final approval of Green Data.

Solar Alliance is an energy solutions provider focused on residential, commercial and industrial solar installations. The company operates in Tennessee, North/South Carolina, Kentucky and California and has an expanding pipeline of solar projects. Since it was founded in 2003, the company has developed $1 billion of wind and solar projects that provide enough electricity to power 150,000 homes. 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.

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