TORONTO, ON / ACCESSWIRE / September 27, 2016 / UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) ("UGE"), 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.
About UGE International
UGE delivers immediate savings to businesses through cleaner electricity. We help commercial and industrial clients become more competitive through the low cost of distributed renewable energy. With over 330 MW of experience globally, we work daily to power a more sustainable world. Visit us at www.ugei.com.
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Statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the completion of the Portfolio, the economy generally, competition in its target markets, the demand for UGE's products and the availability of funding. These forward-looking statements are made as of the date hereof and UGE does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from UGE's expectations and projections.
SOURCE: UGE International Ltd.