"It's an exciting time for the company," CEO Nick Blitterswyk said in the release. "The repositioning of UGE is apparent as we complete previously won projects while starting many new ones in our growth markets."
As for full completions, in Canada, the energy firm finished all 15 sites of the total 9 megawatt (9 MW) Peterborough contract, the company's largest. UGE's subsidiary, UGE Consulting Services, wrapped up a microgrid feasibility study in Burkina Faso and a maintenance contract for an Ontario client. In the U.S., UGE saw to fruition the last installation of its Farmington, Minn., four rooftop sites portfolio.
Regarding significant completions, the company finished 12 out of 29 sites for Ontario-based Potentia Renewables. In the Philippines, it accomplished much of the work at the final site of the 3.9 MW project for the beverage company, Nature's Spring.
Additionally, UGE began a number of projects in the U.S., including 10 solar plus storage microgrid systems for New York City and a 3.1 MW, five-site portfolio with the New York City-based utility. In the Philippines, the company began deployment on three sites for one client and construction on six additional locations for others. In Canada, UGE Consulting began work on a project for the City of Toronto.
With respect to future projects, UGE USA has 14 in the pipeline, which have received or are waiting for interconnection approval.[NLINSERT]
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: none. She or members of her household are paid by the following companies mentioned in this article: none.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: UGE International. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with UGE International. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of UGE International, a company mentioned in this article.