Toronto, Ontario - April 5, 2023 (Newsfile Corp.) (Investorideas.com Newswire) UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, reported its financial results for the year ended December 31, 2022. UGE reports all amounts in US dollars.
In 2022, UGE continued to grow its business of developing, building, financing, owning, and operating commercial and community solar and energy storage facilities. The Company executed on its strategic plan in 2022, by growing its project development backlog, moving its projects towards construction, expanding its operating portfolio, and scaling both its balance sheet and leadership team.
Key financial results in 2022 included:
Key business highlights in 2022 included:
"In 2022, we stayed focused on executing our long-term growth strategy of developing, owning, and operating our portfolio as a renewable independent power producer ("IPP")," said UGE's CEO, Nick Blitterswyk. "Our portfolio is rapidly maturing, as witnessed by our numerous project milestones achieved so far in 2023, and we are excited to scale our operating portfolio and project development backlog significantly in 2023."
Full financial results and Management's Discussion and Analysis are posted to SEDAR (www.sedar.com) as well as on the Company's website.
Online Webinar Details
UGE's CEO, Nick Blitterswyk, and CFO, Stephanie Bird, will be hosting a webinar to provide further analysis of the financial results and to answer your questions following the presentation. You can register for the webinar, below:
Date: Wednesday April 5, 2022
Time: 11:00am EDT
UGE develops, owns, and operates commercial and community solar projects in the US and strategic markets abroad. Our distributed energy solutions deliver cheaper, cleaner energy to businesses and consumers with no upfront cost. With over 500MW of global experience, we work daily to power a more sustainable world.
For more information, contact UGE at:
+1 917 720 5685
Nick Blitterswyk: firstname.lastname@example.org
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of the Company. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Forward-looking statements include, but are not limited to, the anticipated use of proceeds, and the listing of the Green Debentures on the TSX Venture Exchange. The Company assumes no obligation to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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