08:24 AM EDT, 10/28/2024 (MT Newswires) -- Solar Alliance Energy ( SAENF ) , near 52 week lows, on Monday said it has signed a contract for the design, engineering and installation of a $3.7 million solar project for a customer in Kentucky.

The project consists of two sites, both to begin construction next month: a 553-kilowatt (kW) project to be completed by the end of 2024 and a 943-kilowatt (kW) project to be completed by March next year.

"Our strategy of targeting larger revenue projects is generating positive results for Solar Alliance, while lowering operating costs and delivering substantial environmental benefits to our customers," said CEO Brian Timmons. "We have passed an inflection point and are now delivering larger commercial solar projects on a consistent basis. This project is an outstanding example of the type of project we are now targeting in the U.S. Southeast and reflects the consistent progress we continue to make."