Salamon Group bags public sector rooftop solar projects

By Editor


Salamon Group bags public sector rooftop solar projects

Greentech Lead America: Salamon Group has secured the
rights to build solar power systems on the rooftops of 23 schools in Williamson
County Tennessee.

Salamon will begin building 3 solar power systems with an
output of 200KW each, the first 3 school rooftops total 600KW.

These three projects have total combined revenues of $3.3
million over the life of the contract, and yield a levered IRR of approximately
25 percent. The company plans to continue building out the remaining 20
rooftops later this spring.

“We are excited to commence building solar power
systems on these public sector rooftops, which is one of the Company’s
strategic solar verticals. The public sector buildings offer an enormous
real-estate opportunity and are the most stable real estate asset to build
solar power systems on, and they offer a tremendous potential for a project
pipeline for the company. We expect that our SolarPlus go to market strategy
will secure large solar project rights that will allow us to build quality
infrastructure type assets with premium investment yields for the
company,” said Salamon Group CEO Michael Matvieshen.

Salamon Group through its Sunlogics Power Fund Management
looks to acquire assets and other companies in the solar and renewable energy
space that are a strategic fit. Sunlogics Power is also a project-acquiring
partner of Sunlogics Plc and its Subsidiary as well as other third party
project developers.

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