Solar Alliance on track for record year in commercial solar as growth continued in Q2

Solar Alliance on track for record year in commercial solar as growth continued in Q2
Share this article

TORONTO – Solar Alliance Energy Inc. (TSX-V: SOLR, OTCQB: SAENF) announced it has filed its unaudited financial results for the three and six months ended June 30, 2022. The Company’s Financial Statements and related Management’s Discussion and Analysis are available under the Company’s profile at www.sedar.com.

“Solar Alliance remains on track for a record year in commercial solar,” said CEO Myke Clark. “The combination of revenue to date, the contracted backlog of projects that will be built before the end of the year and significant work-in-process support a record year for Solar Alliance as we focus on larger commercial and utility solar projects.”

“In addition to this growing backlog and revenue stream, we commenced construction on our two company-owned solar projects in New York. These projects will generate long-term recurring revenue once they are completed by the end of September,” continued Clark. “Our strong results are further supported by the recently passed climate legislation in the United States which is expected to drive long-term growth in the solar industry and contains several provisions that will directly benefit Solar Alliance and our customers.”

“Our key focus remains on executing our business plan and staying on track for what we see ahead as a record year in commercial solar growth. With the continued growth in the U.S. solar market and our growing market share in the U.S. Southeast, Solar Alliance remains a unique opportunity in the ESG investing space,” he added.

Solar Alliance is an energy solutions provider focused on residential, commercial and industrial solar installations. The Company operates in Tennessee, Kentucky, North/South Carolina and Illinois and has an expanding pipeline of solar projects. Since it was founded in 2003, the Company has developed $1 billion of renewable energy projects 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.

Related posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.