UGE Signs Three Agreements, Including Largest US Project in Company's History

UGE International Ltd. a leader in commercial and community solar energy solutions, is pleased to announce that it has signed three agreements to develop, build, and finance solar projects, including the Company's largest US project in its history. First, UGE signed a 6.6MW project in Westchester, NY. The project, on a well-known corporate campus, will take advantage of New York's community solar program by feeding energy into the grid and providing energy credits to community solar subscribers at a discounted rate. The project is approximately 12-15 times the size of UGE's average project and, when completed, will produce power for an estimated 1,000 homes for the duration of the system's lifetime. UGE has also reserved the option with the utility to couple the solar system with battery storage, which would provide a further boost to project revenue and returns.

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