Solar Alliance signed a development agreement with Sundamental, a company affiliated with BE Trilogy Solar Project, for an exclusive option to provide construction management or full EPC services for a pipeline of up to 18 solar projects in New Jersey, Illinois, Texas and California with a total of approximately 25 MW.
Solar Alliance anticipates the projects in the pipeline will be financed by Sundamental or an affiliate that will provide funding for equipment and other costs of goods. The projects in the pipeline are all late-stage developments and an assessment is already underway to prioritize each of the projects in the pipeline and move them toward construction.
The development agreement also contains an option for Solar Alliance to contribute equity to any of the 18 projects in the pipeline.
“Solar Alliance is excited to be working with Sundamental on these solar projects as together our two companies will create substantial synergies and benefits for each other,” said Solar Alliance CEO Myke Clark. “Sundamental has created a robust pipeline of solar projects across diverse jurisdictions and working with them presents a tremendous opportunity to rapidly grow our business. Our project management approach to projects in new jurisdictions allows us to leverage our extensive solar experience and deliver a quality project to the customer, which we look forward to doing with Sundamental.”
“The technical expertise of the Solar Alliance team is the perfect fit for our project pipeline,” said Sundamental CEO Terry Warren. “We have developed a strong portfolio of solar projects ranging in size from several hundred kilowatts to several megawatts. Those projects need a strong technical team to ensure they are built on time and on budget. Working with Solar Alliance will help us complete these projects and deliver ongoing value for our shareholders.”
News item from Solar Alliance Energy