Companies see alliance on renewable energy projects as large
contributor to future growth in fast growing distributed solar and
microgrid sector
Company Website:
http://alpha.com/solar/
BELLINGHAM, Wash. -- (Business Wire)
UGE
International (TSX-V:UG, OTC:UGEIF), a global leader in distributed
renewable energy solutions for businesses, and Alpha
Energy, an engineering procurement and construction firm, have
entered into an agreement to work jointly on the development,
installation, maintenance and financing of distributed generation
projects. The collaboration will put forth a unique vertically
integrated team, with the ability to efficiently approach the
distributed generation and energy storage markets on a global basis,
which is projected to grow at a rate of 300 percent per year according
to Navigant Research.
UGE is a leading full service renewable energy provider for commercial
and industrial clients with over 2,000 installations in more than 100
countries. Recent projects include the installation of wind turbines on
the Eiffel Tower in Paris and the design and installation of a hybrid
wind, solar and battery system that provides complete power to a
telecommunications facility in the Pacific Islands, as well as the
largest distributed solar portfolio in Central America. In May, UGE
announced that it was a recipient of an award to develop microgrids in
New York City as part of the RISE:NYC initiative.
“We look forward to enhancing our capabilities and market presence by
partnering with Alpha Energy,” said Joshua Rogol, director of business
development for UGE. “Alpha Energy’s global engineering procurement and
construction (EPC) expertise on large-scale construction and solar
projects is a win for us and our clients. Together, we expect to deploy
leading edge solar and microgrid solutions for commercial customers
worldwide.”
Alpha Energy is a leading EPC of turn-key renewable energy systems for
utility, commercial, institutional and remote applications that utilize
solar, wind and alternative resources. Alpha Energy recently completed
construction of the 29.6 MW HXOap Solar Farm in Roanoke Rapids, North
Carolina. The company is currently engaged in several projects,
including a 100 MW solar farm in Cumberland County, North Carolina. Once
complete, the project will be the largest solar facility east of the
Rockies and is expected to generate enough electricity to power 30,000
homes.
"Both of our companies are committed to designing and building the
highest-quality, most innovative and efficient systems,” said Greg
Siemer, general manager and vice president of Alpha Energy. “UGE’s track
record of successfully completing world-class projects, along with their
project financing capabilities, will ensure this is a successful
venture.”
The two companies are already collaborating on several projects. Details
are expected to be available in the near future.
About Alpha Energy
As a member of The Alpha Group, Alpha Energy is able to leverage the
collective experience and resources that come with 40 years as a global
powering solutions pioneer, delivering reliable electric power in
utility scale applications as well as the most demanding and remote
off-grid applications worldwide. Through these relationships, Alpha
Energy is able to provide expertise and efficiencies that are unique in
the renewable energy industry.
About UGE
UGE is a leading full service renewable energy provider for commercial
and industrial clients, with over 2,000 installations in more than 100
countries. Leveraging project financing and its proprietary technology
platform, UGE deploys solar and microgrid energy solutions to reduce
energy costs and increase resiliency, while making the world more
sustainable.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Statements made in this press release include forward-looking
statements that involve a number of risks and uncertainties. These
statements relate to future events or future performance and reflect
management's current expectations and assumptions. A number of factors
could cause actual events, performance or results to differ materially
from the events, performance and results discussed in the
forward-looking statements, such as the economy generally, regulatory
approvals, participation in the Offering, competition in UGE’s target
markets, the demand for UGE’s products, and the availability of funding.
These forward-looking statements are made as of the date hereof and UGE
does not assume any obligation to update or revise them to reflect new
events or circumstances. Actual events or results could differ
materially from UGE’s expectations and projections.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150830005026/en/
Contacts:
Alpha Technologies
Andrew Azure, 360-392-2263
Communications
or
Ashley
Fallon, 917-338-1668
UGE Communications Manager
Source: Alpha Energy
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