Solar Alliance completes 1 megawatt Solar Share Project for LG&E/KU in Kentucky
TORONTO and KNOXVILLE, Tenn., June 21, 2021 (GLOBE NEWSWIRE) — Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR, OTC: SAENF) is pleased to announce construction has been completed at a one megawatt (“MW”) solar project in Kentucky for Louisville Gas and Electric Company and Kentucky Utilities Company (“LG&E and KU”), part of the PPL Corporation (NYSE: PPL) family of companies.
The solar system, which consists of Phase 3 and 4 of LG&E and KU’s Solar Share facility in Simpsonville, is now fully operational and producing energy for subscribing customers. Solar Alliance worked with Boyd CAT, a regional Caterpillar dealer, on this and other projects as the two companies expand the portfolio of solar projects they are partnering on.
“The Solar Share program illustrates LG&E and KU’s commitment to providing renewable energy to its customers and we are proud to support that initiative,” said Solar Alliance CEO Myke Clark. “The Kentucky solar market is growing rapidly, and we look forward to meeting that increasing demand. Our partnership with Boyd CAT continues to grow and positions us well to provide cost effective, clean energy to a growing number of utilities and businesses.”
A total of eight 500-kilowatt Solar Share sections are planned for the Simpsonville facility, for a total of 4 megawatts. Construction of each section is completed as each becomes fully subscribed. The utility is currently accepting enrollments for the fifth section, which is now nearly 80% subscribed.
“Watching the site develop and knowing it is a direct result of our customers’ interest and participation has been both exciting and rewarding,” said LG&E and KU Vice President-Customer Services Eileen Saunders. “We developed this program in response to their desire to support local solar generation and we’re pleased to continue helping all of our customer categories advance their personal and professional sustainability goals.”
About LG&E and KU
Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve more than 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 332,000 natural gas and 425,000 electric customers in Louisville and 16 surrounding counties. KU serves 564,000 customers in 77 Kentucky counties and five counties in Virginia. More information is available at www.lge-ku.com and www.pplweb.com.
Myke Clark, CEO
About Solar Alliance Energy Inc. (www.solaralliance.com)
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.
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.
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