UGE International Ltd (QB) (UGEIF) Quote

Just In: $UGEIF UGE Announces US$21.5 Million in New Community Solar Projects in Maine

Toronto, Ontario--(Newsfile Corp. - September 16, 2020) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar energy solutions, is pleased to announce it has signed agreements to develop, build, and finance two additional commu...

In case you are interested UGEIF - UGE Announces US$21.5 Million in New Community Solar Projects in Maine

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

https://www.otcmarkets.com/stock/UGEIF/news/UGE-Signs-Three-Agreements-Including-Largest-US-Project-in-Companys-History?id=257662

Press Release | 03/27/2020
UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), 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 Companys 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 Yorks 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 UGEs average project and, when completed, will produce power for an estimated 1,000 homes for the duration of the systems 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.

Second, UGE signed a nine-site portfolio in New York City for a repeat client. The 1.7MW project portfolio will lease the rooftops of the buildings on which UGE will install solar systems. The projects will utilize the same community solar subscription program as described above, offering New York City residents an opportunity to save on their energy bills through solar energy.

Third, UGE signed an agreement to develop, build, and finance a community solar project in Maine. The project is expected to have a rated capacity of 1.1MW and will feed its energy directly into the grid as part of the states solar net metering framework. In the past six months, Maine has become a top community solar market and UGE has affirmed itself as a leading market participant, with a pipeline of opportunities throughout the state.

The three solar projects have a total rated capacity of 9.4MW, with an estimated present value of almost USD$20 million across the portfolios. The Company expects to complete the projects through the end of 2021 with gross margins in line with its current expectations for self-developed projects.

UGE continues to see growing demand, even in the face of the sudden downturn in the economy said UGEs CEO, Nick Blitterswyk. Community solar allows real estate owners to boost revenue by receiving lease payments for their empty rooftops and open land, which is especially attractive during a time when their revenue may otherwise be decreasing.

About UGE International Ltd.

UGE delivers immediate savings to businesses through the low cost of solar energy. We help commercial and industrial clients become more competitive by providing low cost distributed renewable energy solutions at no upfront cost and maximum long-term benefit. With over 380 MW of global experience, we work daily to power a more sustainable world. Visit us at www.ugei.com.



Contact:

investors@ugei.com

917-720-5685

UGEIF: Effective Dec. 23,2019 a one for 4 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

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UGEIF Update

Still waiting....

journaled my shares over from UGE.V to UGEIF because CAD dollar is getting killed

Does anyone know how exactly financing works. Can anyone model it?

Moore's law I guess...

Everything is public

DYODD

What caused the drop in solar?

Solar has dropped in price dramatically over the last couple of years. Market has realized this yet. Solar hangover.

UGE pure commercial/industrial play. Market leader in Canada. Rolled up Endura and Carmanah in 12 months. Who cares about utility sized solar when you can get all the power you need from own roof? RIP utility companies.

Very low float.

They have a backlog of contracts that will be executed in 12-18months that is almost 2x their market cap.

CEO is Sweetheart and a good guy.

I bet Jockeys not Horses

GLTFA

I am new here. What does the companies outlook look like?

How do you like the company sir?

Anybody here?

Stock is on the move! Glad I bought in when I did!

TORONTO, ONTARIO -- (September 27, 2016) -- UGE International Ltd. (“UGE”) (TSX VENTURE:UGE) (OTCQB:UGEIF), 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.

TORONTO, ONTARIO -- (September 27, 2016) -- UGE International Ltd. (“UGE”) (TSX VENTURE:UGE) (OTCQB:UGEIF), 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.

1.7 million dollar deal in NYC in progress

Why is no one here, this seems like a decent compnay