Solar Alliance Begins Construction of 2.4 MW Solar Project in Southeast U.S. for Fortune Global 500 Company

VANCOUVER, British Columbia and KNOXVILLE, Tenn., Oct. 09, 2018 (GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. (‘Solar Alliance’) or (the ‘Company’) (TSX-V: SOLR) is pleased to announce it has commenced construction on the 2.4 MW ground mount commercial solar project announced on March 14, 2018. The project, being constructed for a Fortune Global 500 company, is the largest sold to date by Solar Alliance and is equivalent to building 400 residential solar systems. Excavation began this week and the construction is expected to be completed by the end of the year.

“Solar Alliance is proud to support this Fortune Global 500 company’s effort in reducing their carbon footprint,” said Chairman and CEO Jason Bak. “This proof of concept project will hopefully lead to job creation, profitability and increased equity for the client. Our team has been working diligently to ensure this project meets their requirements and we are proud to have been selected to assist our client’s sustainability team with this important project.”

The Company will also provide​ ​on​-site​ ​training​ ​of​ ​personnel​ ​on​ ​the​ ​safe​ ​operations​ ​and maintenance​ ​of​ ​the​ ​project. ​ ​Site​ ​support​ ​includes​ ​installation​ ​of​ ​monitoring​ ​hardware​ ​and​ ​configuration of​ ​network​ ​based​ ​monitoring.

Further updates on this project will be provided throughout the construction phase. For commercial reasons, the identity of the Fortune Global 500 customer is not being released until the project’s completion.

Jason Bak, Chairman and CEO

For more information:



Solar Alliance Sales

(865) 309-4674

Solar Alliance Investor Relations

Jason Bak, CEO

(604) 288–9051

 

About Solar Alliance Energy Inc. ()

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

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.

“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."