UGE International
UGE:TSXV; UGEIF:OTC
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UGE Sells Solar Facility Well Above Current Implied Valuation
UGE International announced the sale of one of its completed solar projects (AND 3 new ones AND the completion of another).
Last week, Sophic Capital wrote that solar projects under construction have sold for multiples much higher than what the market values UGE International.
UGE’s project sale multiple shows that the market still undervalues the Company.
Sizzling Solar Project Valuations Bode Well For UGE
Solar projects under construction sell for multiples much higher than what the markets value UGE International.
UGE: Solar Projects Are Shining Due to Strong Economics
In spite of the Blue-Wave that didn’t materialize in the 2020 U.S. election, solar stocks and the Invesco Solar ETF are hot.
Why?
Solar projects are hot due to government and utility incentives as well as an abundance of solar project financing.
UGE International [TSXV:UGE; OTC:UGEIF], a community solar project developer and operator, is a way to invest in the growing solar energy theme.
UGE International Ltd. – Time To Ride The Solar Coaster
According to the Solar Energy Industry Association, Wood Mackenzie Power & Renewables and The Solar Foundation, solar energy in the USA has experienced an average annual growth rate of 49% per year over the past decade. What aided this growth were U.S. federal policies such as the solar Investment Tax Credit, rapidly declining costs, and increasing demand across the private and public sector for clean electricity.
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Another great company offsite in the books! We connected with colleagues old and new; discussed successes, lessons learned, and opportunities in our work; and got artistic with a glass painting class 🎨 Feeling energized and excited to get back to work! It's official! We're so excited to embark on this next phase of growth with NOVA Infrastructure. Together we will expand our impact bringing accessible renewable energy to communities across the U.S. We're excited to contribute to the doubling of #CommunitySolar over the next five years! Wood Mackenzie: U.S. community solar to double in five years Cumulative community solar installations are forecast to increase from less than 7 GW installed today to over 14 GW by 2029. pv-magazine-usa.com Check out our guide to the Domestic Content Adder for solar developers! Introduced as part of the #InflationReductionAct, the Adder helps developers like us support a domestic solar manufacturing industry. Thanks to @Solar_Builder for publishing! A solar developer's guide to capitalizing on the Domestic Content Adder The Domestic Content Adder is designed to strengthen the U.S. solar equipment manufacturing industry. bit.ly Fly over our newly completed #CommunitySolar project in Staten Island, New York! With this project energized, we now have 10 rooftop solar projects in metro #NYC within our operating portfolio. ☀️@UGE_Intl Achieves Commercial Operation for Rooftop Community Solar Project in Staten Island, New York Looking to learn the latest about the #environment sector in Canada? In this edition: #cleanenergy milestone happening at @UGE_Intl; #energytransition funds available via @ECC_GovNL; @PollutionProbe report reveals state of #climateaction; and more. An exciting new statistic: 𝟴𝟬% of electric capacity additions so far this year have been #solar. Adding wind, renewables represent 99% of all capacity additions. #CommunitySolar is delivering on its promise to expand #EnergyEquity, a recent study from @BerkeleyLab has confirmed. The study found that community solar subscribers are 6x more likely to live in multifamily housing and 4x more likely to be renters. Evaluating community solar as a measure to promote equitable clean energy access Nature Energy - Drawing from data on 11 US states, here the authors find evidence to suggest that community sola... bit.ly After 10 years a public company, we've entered into an arrangement agreement for a go-private transaction with NOVA Infrastructure.
https://ugei.com/nova-completes-purchase-of-uge-international/
Operating portfolio now stands at 7.1MW
UGE also has 18.1MW in deployment and construction
Full PR ==>
[TSXV: $UGE.V] [OTC: $UGEIF]
https://email.listman.ca/view.php?email=EJN0284&id=713178
https://pv-magazine-usa.com/2024/06/13/solar-represents-64-of-u-s-electric-capacity-additions-in-2024/
We're thrilled about the prospect of working with NOVA to supercharge our growth and expand our impact. Learn more: https://bit.ly/3Kmt8hu
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