Solar Alliance Signs Agreement to Build Commercial Solar Project at Tennessee Farm
VANCOUVER, British Columbia and KNOXVILLE, Tenn., Feb. 10, 2020 (GLOBE NEWSWIRE) — Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR, OTC: SAENF) is pleased to announce it has signed an agreement to build a commercial solar system at Lick Skillet Farm in Tennessee. The project will also include a U.S. Department of Agriculture (“USDA”) grant application, which provides significant support for renewable energy projects for agricultural producers. Solar Alliance is proud to be working with Lick Skillet Farm, a multi-generational family business committed to restoring and protecting the environment.
“The combination of low cost, renewable solar power and a USDA grant provides an excellent solution for agricultural businesses to lower their operating costs and reinvest the savings into their businesses,” said Solar Alliance CEO Myke Clark. “Lick Skillet Farm has strategically designed their company to build community. One of their mottos very appropriately is “No Margin, No Mission”. The addition of solar plays perfectly into a healthier community and builds their margin to help carry out their mission. Lick Skillet Farm is committed to sustainability in its farming practices, and installing solar contributes to that goal. We are pleased we have this opportunity to support such a great organization with such high standards.”“In all our operations, we stress environmental stewardship. We finish our animals on lively, bio-diverse pastures rich in organic matter: infiltrating water, sequestering carbon, and supporting a host of buzzing, flying, and hopping wildlife,” said Shannon Miller, Lick Skillet farmer. “We choose to steward this land with conservation practices, regenerative grazing techniques, appropriate technology, pollinator support, and an eye to future generations that will rely even more heavily on the myriad ecosystem services it provides. Our farm believes that besides producing high quality meat ethically and sustainably, we must educate our community, and be an example of environmental stewardship. We hope others will follow our lead and choose the solar option.”The agricultural sector is a growing part of the Solar Alliance business model. In addition to this project, Solar Alliance is also partnering with Whayne Supply, a Caterpillar dealership, on signing an additional six near-term solar systems for agricultural businesses located in Southern Indiana and Kentucky. According to the Kentucky Poultry Federation, there are more than 850 large-scale poultry farms in Kentucky, and together, Solar Alliance and Whayne Supply are targeting them for solar deployment.Myke Clark, CEOAbout 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 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 $1 billion of 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.”