Source: Streetwise Reports 01/13/2019 This project will be in the form of a community-distributed generation model. UGE International Ltd. (UGE:TSX.V; UGEIF:OTC) signed a contract to develop a community solar power project on New York’s Staten Island, it announced in a news release. How this type of project works is UGE pays rent to a building owner for roof space on which UGE installs a solar power generation system. The energy created is then sold to community members at a price lower than the current utility rate. UGE will install the Staten Island project on the roof of a family-owned kitchen cabinetry business. “At 304 kilowatts, the project’s value exceeds $600,000,” the release noted. Read what other experts are saying about: UGE International Ltd. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are sponsors of Streetwise Reports: UGE International. Click here for important disclosures about sponsor fees. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 4) The … Continue reading →