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Enter Symbol
or Name
USA
CA



UGE International Ltd
Symbol UG
Shares Issued 11,685,891
Close 2015-08-28 C$ 1.18
Market Cap C$ 13,789,351
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UGE Int'l to develop solar projects with Alpha Energy

2015-08-31 06:27 ET - News Release

Ms. Ashley Fallon reports

UGE INTERNATIONAL AND ALPHA ENERGY TO COLLABORATE ON MICROGRID PROJECTS

UGE International Ltd. 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 per cent per year, according to Navigant Research.

"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 turnkey 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-megawatt HXOap solar farm in Roanoke Rapids, N.C. 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.

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