NetworkNewsBreaks – UGE International Ltd. (UGEIF) Shares Spike on New Contract for NYC’s First Community Solar Project
Shares of UGE International (OTCQB: UGEIF) are ticking higher after the clean energy company said it has secured a contract to develop and build New York City's first community solar project at a multi-tenant commercial facility in Brooklyn. Located in a neighborhood between Park Slope and Boerum Hill, the project will have a rated peak capacity of approximately 100 kilowatts, providing clean energy to be net metered and sold to residential off-takers at rates lower than their utility payments. The project is the first of several under development by UGE and Gotham Community Solar LLC, a company owned by Peter…