UGE to Design and Build 500 kW Solar Project for Ontario-based First Nations Community
TORONTO, ONTARIO -- (September 27, 2016) -- UGE International Ltd. (“UGE”) (TSX VENTURE:UGE) (OTCQB:UGEIF), a leader in renewable energy solutions for the commercial and industrial sector, today announces it will engineer and build a 500 kW ground-mounted solar project for a First Nations community in Northern Ontario.
The UGE-designed 500 kW solar PV system will use an innovative tracking system, and is expected to produce approximately 877.3 MWh of electricity in its first year of operation.
“Our experience as both developer and advisor uniquely allows us to deploy this ground-mounted solar system,” said Robert van Duynhoven, Managing Director of Business Development at UGE. “We are thrilled to be assisting First Nation communities as they pursue a more sustainable, more secure future through solar energy.”
Over the lifetime of the system, the electricity produced is expected to offset 14,523 metric tons of CO2 emissions, or the equivalent of planting 376,388 trees. UGE is working with consultant Compass Energy Consulting (“Compass”) to develop the project.
“As a company, Compass focuses on helping our clients ‘read between the lines’ in today’s rapidly evolving technology sector,” said Rachelle McCann, consultant at Compass. “After a comprehensive evaluation of proposals, we choose to work with UGE because of their proven track-record of success deploying feed in tariff solar projects in Ontario.”
The value of the contract to build the project is at least $1.6 million CAD, to be recognized throughout the remainder of 2016.