Solar Alliance Energy Inc. announced it has signed a contract for the design, engineering, and construction of a 565-kilowatt ("kW") commercial solar project for a manufacturing client in Tennessee. The project, with a $1.47 million capital cost, is scheduled to begin construction in third quarter 2023 and is currently targeted for completion by the end of 2023. The project contributes to a backlog of contracted projects that now totals $4.6 million.

All of the projects in the backlog are scheduled to be completed this year, including the following previously announced contracts: An 872-kW solar project in Tennessee announced on February 13, 2023. The project, with a USD 1.8 million capital cost, is scheduled To begin construction in second quarter 2023 with completion targeted by October 2023. Five small and medium-sized solar projects in Tennessee and Kentucky, ranging in size from 40-kW to 113-kW.

The projects, announced on May 25, 2023, have a combined capital cost of $1.1 million and are all expected to be completed in 2023.