TORONTO, ONTARIO – (May 2, 2017) – UGE International Ltd. (“UGE”) (TSX-V: UGE), a global leader in solar energy solutions for the commercial and industrial sector, announces it has been selected by The Sheridan College Institute of Technology and Advanced Learning (“Sheridan”) to design and build a solar carport at its Davis Campus.
Sheridan is one of Ontario’s leading higher education institutions with campuses in three Ontario cities, Oakville, Brampton, and Mississauga. The Davis campus, located in Brampton, is Sheridan’s largest. Installation of on-campus renewable energy generation is part of Sheridan’s Integrated Energy and Climate Master Plan (IECMP), which guides Sheridan to reduce energy use by 50% and greenhouse gas emissions by 60% by 2030 relative to 2010.
The minimum 500 kW project will generate approximately 700,000 kWh of solar energy annually, saving 29 tons of emissions each year; the campus would need to plant over 2,700 trees to avoid the same amount of CO2. For the approximate 14,000 students at Davis campus, this means they can all breathe a little easier. UGE is dedicated to powering commercial and industrial buildings across the globe with clean, sustainable energy, and hopes that other institutions will follow in Sheridan’s footsteps.
“The successful award from Sheridan came as fantastic news,” said Robert van Duynhoven, Vice-President, Marketing and Sales for UGE. “While on campus I could immediately feel the intellectual intensity and progressive atmosphere, so I knew solar would just make sense. UGE’s solar installations provide the cleanest and cheapest energy available, and Sheridan will be able to redirect the money they make from going solar towards providing students with a better education.” 330 W 38th Street, Suite 1103, New York, NY 10018 |email@example.com | +1 416 309 8704 WWW.UGEI.COM
Upon UGE’s completion of the solar carport project, parking on Davis Campus will be transformed. Beyond generating clean energy, the project offers a great deal of additional advantages to the college as well; protection from the elements, lower parking lot maintenance costs, and potential income from outdoor events and advertising space, to name a few. Sheridan will also have a stronger academic positioning in sustainability and climate curricula, with goals of becoming a national role-model, a goal UGE is proud to support.“We hope to support Sheridan in future solar roll outs as well,” said van Duynhoven. “For every dollar we save through clean energy generation it is rewarding to know we will be able to enhance the university’s teaching and learning experience.”
The project is expected to be installed by UGE over the next six months. In accordance with confidentiality agreements, the contract value will remain undisclosed.
UGE delivers immediate savings to businesses through the low cost of solar energy. We help commercial and industrial clients become more competitive by providing distributed renewable energy solutions at no upfront cost, generating long term economic and environmental returns. With over 330 MW of global experience, we work daily to power a more sustainable world. Visit us at www.ugei.com.
For more information, contact UGE at:
+1 917 720 5685
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management’s current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, competition in its target markets, the demand for UGE’s products and the availability of funding. These forward-looking statements are made as of the date hereof and UGE does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from UGE’s expectations and projections.