Share on StockTwits
Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year

Solar Stock News: UGE (TSXV: UGE) (OTCQB: UGEIF) Announces Contract to Provide 259kW Solar System to New Client, M L'Huillier


Cebu, the Philippines - May 22, 2019 (Newsfile Corp.) ( Newswire) UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in providing solar solutions to the commercial and industrial sector, is pleased to announce that it has signed a contract with new client, M L'Huillier, to deploy a solar system for a food processing plant. M L'Huillier is a Philippines-based conglomerate with business segments in food, retail, and restaurants.

This initial solar project has a rated capacity of 259kW, allowing the food processing plant to significantly lower its energy costs. UGE and M L'Huillier look forward to the project being the first of many between the two companies.

"Electricity from the grid is expensive and unstable in the Philippines, with costs being shouldered by the consumer," said UGE Regional Sales Manager, Laurence Pabillore. "The low cost of solar really caught the attention of M L'Huillier management, as well as the enhanced reliability the system provides."

The contract value is approximately US$250,000, with expected gross margins at or above UGE's 23% target. Engineering is underway and construction is expected to occur throughout the remainder of 2019. UGE expects to install a record number of projects in the Philippines this year.

"Solar is rapidly gaining a reputation as the most cost-effective electricity resource in the Philippines," said Arjun Gupta, Regional Deployment Director for UGE. "Most businesses in the country are now considering the addition of solar to their rooftops to minimize their electricity costs and carbon footprint. This is evident from the tremendous growth in projects and clients UGE is currently experiencing, especially over the last six months."

About UGE

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 375 MW of global experience, we work daily to power a more sustainable world. Visit us at

For more information, contact:

+1 917 720 5685

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: Learn more about publishing your news release on the newswire

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: Global investors must adhere to regulations of each country.

Please read privacy policy:

Follow Us on StockTwits

Renewable Energy Stocks - Renewable Energy Stocks Directory, Renewable Energy Stocks News, Research and Resources

Get more Renewable Energy stock investor ideas - news, articles, podcasts and stock directories