Canada's UGE inks agreements for 9.4 MW of solar in US

Solar array. Author: h080.

March 27 (Renewables Now) - Canadian solar company UGE International Ltd (CVE:UGE) has signed agreements to develop, build and finance 9.4 MW of community solar projects in the US.

The largest of the three will be a 6.6-MW installation at a corporate campus in Westchester, New York, which is 12-15 times the size of an average project for UGE, the company said today. It has reserved the option to add battery storage capacity to the system.

The second agreement covers a 1.7-MW portfolio stretching across nine sites in New York City. UGE said the project comes from a repeat customer and involves rooftop installations.

The third project will be set in the US state of Maine, where UGE will develop, build and finance a 1.1-MW community solar installation. The solar array will feed electricity directly into the grid as part of the state’s net-metering framework.

The portfolios have a combined estimated present value of close to USD 20 million (EUR 18.1m), the company added. UGE expects to finalise the projects through the end of 2021.

(USD 1.0 = EUR 0.906)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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