Solar Integrated Roofing Corp. Secures Lease Agreement with Tier-1 Agriculture Operator for $36 Million Micro-Grid Project
Solar Integrated Roofing Corp. (OTC PINK:SIRC) announced a lease agreement with Mohave Farms for a $36 million micro-grid project in Arizona. The project involves a 3MW solar setup and a battery system, generating over 45 million kWh annually. This agreement guarantees SIRC over $420,000 monthly for 30 years, allowing Mohave Farms to operate independently from electric utilities. The CEO believes this partnership will result in substantial long-term savings and further strengthen clean energy adoption.
- Secured a $36 million micro-grid project lease agreement.
- Monthly revenue of over $420,000 for 30 years ensures steady cash flow.
- Project expected to produce over 45 million kWh of electricity annually.
- None.
EL CAJON, CA / ACCESSWIRE / November 9, 2021 / Solar Integrated Roofing Corp. (OTC PINK:SIRC), an integrated, single-source solar power and roofing systems installation company, today announced that subsidiary USA Solar Networks has secured a lease agreement with Mohave Farms, a tier-1 multi-generational agriculture operator, to build and maintain a
Per the terms of the agreement, Solar Integrated Roofing Corp. will provide a 3MW solar project as well as an accompanying battery and integrated propane supply system - the proprietary, patented generator systems work in unison with the multiple alternative energy solutions, enabled through an AI-driven power management system.
The client will pay Solar Integrated Roofing in exchange for an ongoing lease payment of over
"We are pleased to announce this incredible new partnership with Mohave Farms, expanding the reach of the SIRC family of companies into the area of operating lucrative micro-grids such as these - leveraging our unique skillset," said David Massey, Chief Executive Officer of Solar Integrated Roofing Corp. "We are providing Mohave Farms with hundreds of millions of dollars' worth of potential savings over the 30-year term, while further driving clean-energy adoption in the region."
Pablo Diaz, CEO of USA Solar Networks, a SIRC company, added: "This project is a testament to our scale and ability to deploy some of the most technologically advanced systems available on the market today in a cost-effective manner for our clients. I look forward to further contract wins in the future, helping to generate sustainable value for my fellow shareholders over the long-term."
Cameron Calaway of Mohave Farms concluded: "Given our multi-national reach, this is the first of what we believe will be many projects with Solar Integrated Roofing Corp. - we are pleased with the arrangement at our Arizona farm and look forward to transitioning more of our footprint to renewable-energy in the future."
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power and roofing systems installation platform company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us
SOURCE: Solar Integrated Roof Corp.
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FAQ
What is the significance of the lease agreement between Solar Integrated Roofing Corp. and Mohave Farms?
What will the micro-grid project for Mohave Farms include?
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