California Solar Power Regulations To Launch Exponential Market Growth in 2020
New York, NY July 25, 2019 – Stock Market Press is a leading financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network reviews latest developments in the surveillance world.
Solar power has seen renewed interest due in part to California’s 2020 regulations requiring roof top solar for new construction. In addition, cannabis (in particular Hemp for USA) farming approval is seeing a surge in power demands, something solar is well suited to supply as the green houses span large areas, supplying huge ‘roof tops’ for solar deployment, increasing the ease of adoption in less rural areas while also reducing the need to run new power lines across states to supply them.
Companies are positioning themselves to take advantage of this renewed growth. Solar Integrated Roofing Corp (OTC PINK:SIRC) is one such company. Their corporate update released today details current and projected revenues based on numerous acquisitions.
SIRC Provides Mid-Year Corporate Update
Solar Integrated Roofing Corporation (OTC PINK: SIRC) (the “Company”) is pleased to take this opportunity to provide a mid-year corporate update.
The Company is currently forming a new subsidiary. The Company has put together a very experienced staff and has picked up some pieces from a large marketing company. The Company already has established clients. These clients are already some of the largest in the Solar space. They can handle all the leads we can produce. The Company anticipates approximately $1 million a month in revenue with a 53% cost of sale. As SIRC closes current acquisitions and we expand our marketing into Roofing, Home Improvement, and Solar with sister companies, both revenue streams will grow at a very impressive rate.
Commenting on the Company’s efforts, SIRC President & CEO David Massey stated “The Company has been diligently building the business and enhancing its merger and acquisition (M & A) strategy. This Summer has proven to be very good in terms of sales, the Company’s operational strategy, and M & A efforts. We are closing three acquisitions over the next 60 days. Both sides are anxious and ready to move forward. The combined revenue for the three deals is close to $20 million this calendar year. I wish to emphasize that these companies are well managed, well-staffed, and very established profitable companies. As we include them in with our new marketing company and existing business, we will all work together as a home improvement marketing firm with more qualified potential clients. Our growth rate will be very impressive. Shareholders should be encouraged with our progress now and going forward into the Fall. We’re in a very good place”.
Solar Integrated Roofing Corporation (SIRC) is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. For more information, please visit: www.solarintegratedroofingcorp.com.
This is a huge announcement for Solar Integrated Roofing Corporation (OTC PINK: SIRC). 3 acquisitions to net over $20M in revenue per year.
Power consumption across the globe continues to rise, even as more efficient systems are developed to reduce the demand. The roof top real estate is ubiquitous across cities as it is across rural areas. With the advent of better technology, roof top solar systems are gaining huge market share. Zion Market Research projects the global solar rooftop market will reach over $77B by 2025.
HEXO’s dried flower and award-winning Elixir spray now available in Alberta
HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE: HEXO) cannabis products are now available to Alberta consumers for the first time after finalizing an agreement between HEXO and Alberta Gaming, Liquor and Cannabis (AGLC).
The agreement provides AGLC with HEXO’s nine dried flower products and award-winning Elixir oral sprays, making them available on the Alberta Cannabis online store and to all of the nearly 200 private retail stores in the province.
“This agreement marks the latest achievement in the development of HEXO’s presence in Western Canada and our goal to be top two in market-share in the country,” said HEXO Corp CEO and co-founder, Sebastien St-Louis. “Alberta represents one of the largest cannabis markets in Canada and we are thrilled to see our products are available to Albertans across the province.”
With HEXO and Up Cannabis brands, HEXO products are available in nine provinces, expanding the Company’s footprint in Canada and providing more choice for consumers.
Energy demand for Cannabis growers has prompted an increase in solar and other alternative sources. This has pushed the projected global roof top solar markets to over $75B by 2025 according to industry analysts. Projects ranging from roof top to direct-on-land solar are seeing a huge increase in demand.
Capital Dynamics, First Solar Celebrate Commissioning of the 280MWac California Flats Solar Project
Capital Dynamics, an independent global private asset management firm, and First Solar, Inc. (NASDAQ: FSLR) today announced the completion and commercial operation of the 280-megawatt (MW) AC California Flats Solar Project . The project is located on approximately 2,900 acres of ranch land within the Jack Ranch owned by Hearst, near the borders of San Luis Obispo and Monterey County in California.
The project partners placed significant emphasis on successfully co-locating the project with one of the largest working cattle ranches in the United States while minimizing and mitigating the environmental impact of constructing the solar plant. Ranch employees worked in tandem with the construction and operation teams, with input from stakeholders, to assess and plan the development; as a result, the facility has a very low visual impact and cannot be seen from any public roads. The project supports and complements the sustainable cattle operation of the ranch, which provides grass-fed beef to Whole Foods Market’s Southern Pacific region, reducing pressure to use the ranch land for other commercial purposes.
” The California Flats Solar Project helped us meet our goal of finding a sustainable solution to keep the 73,000-acre Jack Ranch intact as a historic working cattle ranch using traditional and time-proven ranching methods for our grass-fed Hearst Ranch Beef program,” said Steve Hearst , Vice President and General Manager of Hearst Western Properties . “Countless hours have been invested by Hearst and our partners in bringing this sizable, complex project to fruition and ensuring it operates seamlessly with our cattle operation and ranch environment.”
The project, which covers approximately three percent of the area of the ranch, was built in two phases and is fully contracted under two long-term PPAs serving both utility and corporate renewable customers. First Solar completed development and constructed the facility after acquiring the project in 2015. Capital Dynamics acquired the project from First Solar in August 2017 .
“We are pleased to officially open the California Flats Solar Project , one of the largest solar projects in the United States . First Solar and Hearst have been great partners, and we are proud to be the first to use the First Solar Series 6 solar panels,” said Benoit Allehaut , Managing Director on Capital Dynamics’ Clean Energy Infrastructure team. “This project will play an important part in helping California meet its renewable energy goals while creating jobs and substantial economic benefits throughout the state.”
The project is powered by First Solar’s high-performance thin film technology, including Series 6 modules, which deliver a combination of performance, reliability, and eco-efficiency. The Series 6 modules, manufactured by First Solar in the United States , have approximately half the carbon footprint of conventional crystalline silicon PV panels, delivering the smallest environmental footprint and the fastest energy payback time of any PV technology.
“This project confirms that solar energy can successfully co-exist with the natural environment and an active agricultural operation while generating clean, renewable energy and local economic benefits,” said Troy Lauterbach , Senior Vice President of EPC and Energy Services for First Solar . ” The California Flats Solar Project is also the first to feature our innovative Series 6 PV module technology, which is setting the standard for affordable and cleaner renewable energy. We are thrilled to partner with Capital Dynamics and Hearst to deliver on a shared commitment to building a sustainable energy future.”
The California Flats project created significant jobs and economic benefits for Monterey County . Construction of the project took approximately three years, creating about 2.1 million work hours, and had a peak construction workforce of over 1,100 people. The facility covers an area equivalent to the square footage of 449 football fields. The California Flats Solar Project will generate clean solar energy equivalent to the needs of about 116,000 average California households per year, displacing more than 109,000 metric tons of carbon dioxide (CO2) annually based on the PG&E grid – the equivalent of taking about 22,000 cars off the road.
” Monterey County is proud to be a part of California’s green energy solution. The California Flats Solar Project exemplifies our commitment to an energy independent California . While this project is located in Monterey County , its impacts on job creation and the economy will be felt throughout the state,” said Chris Lopez , Vice Chair of the Monterey County Board of Supervisors.
OWENS CORNING EARNS NO. 1 RANKING ON CORPORATE RESPONSIBILITY MAGAZINE’S 100 BEST CORPORATE CITIZENS LIST
Owens Corning (NYSE: OC) ranked No. 1 on Corporate Responsibility Magazine’s 100 Best Corporate Citizens list for 2019. This is the fifth consecutive year Owens Corning has been named to the list. In 2018, the company ranked third.
“It is an honor to earn the No. 1 ranking on this year’s 100 Best Corporate Citizens list,” said Owens Corning Chief Executive Officer Brian Chambers. “Our team is committed to living our purpose, that our people and our products make the world a better place.”
The 20th annual 100 Best Corporate Citizens list recognizes the standout global environmental, social and governance (ESG) performances of the largest U.S.-based public companies. The companies are ranked based on a blend of what they disclose and the fact that they disclose it.
Ava Harter, Owens Corning general counsel, added: “We are pleased to be recognized for our ongoing commitment to transparency and high standards as we strive to make a positive difference in the world. This list puts us in great company. We know this recognition doesn’t mark a destination reached, but rather that we are making tangible progress on this journey.”
Details about how Owens Corning operates, as well as its sustainability commitments and progress, can be found in the company’s 2018 Sustainability Report, which was released earlier today.
The 100 Best Corporate Citizens ranking is based on 134 corporate disclosure and performance factors in seven categories: climate change, employee relations, environment, finance, governance, human rights, and stakeholders and society.
The list ranks companies in the Russell 1000 Index based upon research by ISS-ESG, the responsible investment research arm of Institutional Shareholder Services. Information for the ranking is compiled exclusively from publicly available resources and companies do not pay for the assessment.
For access to the complete 100 Best Corporate Citizens of 2019 list, please visit www.3blassociation.com .
Major developments and advancements in solar technologies due in part to California’s new 2020 requirements for construction are benefiting companies like Solar Integrated Roofing Corp (OTC PINK:SIRC). Demand for solar is set to spike in the near future and now is the time to take advantage of the market.
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