Latest news with #SolarAlliance
Hindustan Times
a day ago
- Business
- Hindustan Times
No more plastics please
This World Environment Day, the Government of India has called for One nation, One Mission: End Plastic Pollution and launched a nation-wide campaign to promote eco-friendly alternatives to single use plastic. While India is in the race to the podium as the fastest growing economy, we must carefully and consciously balance this phenomenal growth with our consumption of plastics to set an unprecedented example to the world. Plastic production accounts for 5% of all greenhouse gas emissions – more than the airlines or shipping industry. This estimate does not consider how microplastics disrupt the natural cycles that store carbon. It is not an uncommon sight to see the burning of plastics in our country. Lack of climate literacy and the sheer scale of plastic use expected to rise to 70.5 million tonnes (MT) by 2035 from the current production of 24.1 MT, can create India has, through its Mission Life, identified ways to achieving sustainable living through the very ethos of Indian culture. Now is the time to amplify this through the Make in India, formation of global consortiums such as the Solar Alliance and the advocacy through platforms like G20. This should be done through the various Indian embassies overseas, trade associations, trade fairs and partnerships forged through FDIs and other business alliances. Though the aspect of measuring the traces of plastics may be present through various sustainability reporting mechanisms, ESG rankings and reporting, the country's companies and leadership must show resolve in thinking about long-term impacts versus short-term profits. Though many companies claim that they are trying to reduce plastics in their manufacturing processes and bringing in a rate of circularity, it is often a mismatch from factory floor to shop floor. Take for instance the example of a Toyoto Innova vehicle, which has been running on the road for 20 years. If Toyota aspires to bring in the idea of circular economy and identifies the process of investing in a scrap yard to recycle the old cars that come back to its yard--this is a far-fetched idea, since rarely do these models come back to their own scrap yard. Hence it becomes a challenge for companies to account for and calculate the rate of recycling while projecting their commitment to circularity. This is largely emphasised for products and services where plastics are used. Many studies have shown that we end up burning plastics contributing to air pollution, water pollution rather than meticulously recycling plastics at a granular level. The less said about microplastics the better, which is said to have entered the blood stream of foetuses while their mothers may have unknowingly ingested food containing microplastics, used a cosmetic such as soap, shampoo, moisturiser, nail polish or simply added pharmaceutical products as part of their maternity kit into their environment, while exposing the mother and baby to harmful effects of this microplastics. Finally, the clarion call must come through the youth of the country who constitute most of our population. They comprise of consumers, whether they are young children who influence their parents' consumption patterns or Gen Z who have higher purchasing power, choices and demands as consumers. Sustainability in fashion, e-commerce, food orders, travel, purchase of gadgets and automobiles - there are plethora of claims and choices. Yet, literacy in sustainability is key. The reading between the lines, understanding of the entire value chain, implications on health and long-term impacts on environment have to be assessed and analyzed carefully. It is here that greening the curriculum and courses at the school and college level matter. The UNESCO greening the curriculum states the following: This article is authored by Deepti Ganapathy, teacher, courses on climate action, IIMB, Bangalore.
Globe and Mail
4 days ago
- Business
- Globe and Mail
Solar Alliance Energy, Inc. Announces Q1 Earnings, Continued Progress
(figures in Canadian dollars) TORONTO and KNOXVILLE, Tenn., June 02, 2025 (GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. ('Solar Alliance' or the 'Company') (TSX-V: SOLR, OTC: SAENF), a leading solar energy solutions provider focused on the commercial and utility solar sectors, announces it has filed its unaudited financial results for the three months ended March 31, 2025. The Company's Financial Statements and related Management's Discussion and Analysis are available under the Company's profile at 'Solar Alliance's main activity in Q1 2025, was the build-out of a large solar energy project for major repeat customer located in Kentucky. Due to unusually severe weather in Kentucky, which included widespread flooding, power outages, and tornadoes throughout the state, the project experienced delays in the quarter. This led to a reduced level of activity and a decline in revenues to $835,609, in Q1 2025 compared to $1,604,326, in Q1 2024. 'As the severe weather setbacks subside, the company is coordinating closely with our client and our partners to expedite delivery of the project,' said CEO Brian Timmons. 'This contract is expected to be concluded in the second quarter of 2025.' 'Solar Alliance continues to see strong demand for commercial solar projects, and we remain focused on these larger projects, and community solar projects to generate meaningful growth. In addition to executing on larger projects, to the Company continues to service a steady flow of renewable energy projects for small and medium-sized businesses in rural communities. Looking ahead, we continue to target full-year profitability for 2025 as we focus on opportunities in the Southeast U.S commercial solar sector,' concluded Timmons. Key financial highlights for Q1, 2024 Revenue for the three months ended March 31, 2025, was $835,609 compared to $1,604,326 in the comparative period in 2024. Cost of sales of $882,092 (Q1, 2024: $1,01,4394) resulting in a gross deficit of $46,483 (Q1, 2024: profit $585,932). Net deficit of $474,277 (Q1, 2024: Net Income $141,303). Cash balance of $13,111. Total expenses of $424,065 (Q1, 2024: $451,188). Key business highlights and outlook The Company continues to target larger customers for solar system sales and installations, specifically for utility and commercial customers. The Company's business development activity is now engaged in assessing specific projects of a scale up to 5MWs. The board believes the Company has a competitive advantage and can offer a compelling proposition in this segment of the market. In this regard, the Company's track record and engagement with local power companies and progressive, high-quality corporate customers evidences its capacity to successfully undertake solar projects in the multi-megawatt range. While pursuing a determined, new focus on larger, commercial and local community solar projects, with a view to accelerating growth rapidly, the Company will continue, as a base level activity, to service the demand from small and medium-sized businesses in rural communities. The strength of demand for projects at this size level could be impacted by curtailment of certain incentives, referred to below, arising from budgetary developments arising from the current political background, referred to below. Corporate growth opportunities. The Company is also pursuing corporate opportunities to expand through partnerships, joint ventures or other initiatives that meet the Company's criteria of profitability, market opportunity and strong management teams. Brian Timmons, CEO Solar Alliance is an energy solutions provider focused on the commercial, utility and community solar sectors. Our experienced team of solar professionals reduces or eliminates customers' vulnerability to rising energy costs, offers an environmentally friendly source of electricity generation, and provides affordable, turnkey clean energy solutions. Solar Alliance's strategy is to ultimately build, own and operate our own solar assets while also generating stable revenue through the sale and installation of solar projects to commercial and utility community customers. Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. The words 'would', 'will', 'expected' and 'estimated' or other similar words and phrases are intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, statements with respect to the resumption of trading of the Company's common shares. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include but are not limited to: the ability to complete the Company's projects on schedule or at all, uncertainties related to the ability to raise sufficient capital; changes in economic conditions or financial markets; litigation, legislative or other judicial, regulatory, legislative and political competitive developments; technological or operational difficulties; the ability to maintain revenue growth; the ability to execute on the Company's strategies; the ability to complete the Company's current and backlog of solar projects; the ability to grow the Company's market share; the high growth rate of the US solar industry; the ability to convert the backlog of projects into revenue; the expected timing of the construction and completion of the 1500 kW Kentucky solar projects; the targeting of larger customers; the ability to predict and counteract the effects, should they re-emerge, of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19, on the construction sector, capital market conditions, restriction on labour and international travel and supply chains; potential corporate growth opportunities and the ability to execute on the key objectives in 2025. Consequently, actual results may vary materially from those described in the forward-looking statements. 'Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Yahoo
4 days ago
- Business
- Yahoo
Solar Alliance Energy, Inc. Announces Q1 Earnings, Continued Progress
(figures in Canadian dollars) TORONTO and KNOXVILLE, Tenn., June 02, 2025 (GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. ('Solar Alliance' or the 'Company') (TSX-V: SOLR, OTC: SAENF), a leading solar energy solutions provider focused on the commercial and utility solar sectors, announces it has filed its unaudited financial results for the three months ended March 31, 2025. The Company's Financial Statements and related Management's Discussion and Analysis are available under the Company's profile at 'Solar Alliance's main activity in Q1 2025, was the build-out of a large solar energy project for major repeat customer located in Kentucky. Due to unusually severe weather in Kentucky, which included widespread flooding, power outages, and tornadoes throughout the state, the project experienced delays in the quarter. This led to a reduced level of activity and a decline in revenues to $835,609, in Q1 2025 compared to $1,604,326, in Q1 2024. 'As the severe weather setbacks subside, the company is coordinating closely with our client and our partners to expedite delivery of the project,' said CEO Brian Timmons. 'This contract is expected to be concluded in the second quarter of 2025.' 'Solar Alliance continues to see strong demand for commercial solar projects, and we remain focused on these larger projects, and community solar projects to generate meaningful growth. In addition to executing on larger projects, to the Company continues to service a steady flow of renewable energy projects for small and medium-sized businesses in rural communities. Looking ahead, we continue to target full-year profitability for 2025 as we focus on opportunities in the Southeast U.S commercial solar sector,' concluded Timmons. Key financial highlights for Q1, 2024 Revenue for the three months ended March 31, 2025, was $835,609 compared to $1,604,326 in the comparative period in 2024. Cost of sales of $882,092 (Q1, 2024: $1,01,4394) resulting in a gross deficit of $46,483 (Q1, 2024: profit $585,932). Net deficit of $474,277 (Q1, 2024: Net Income $141,303). Cash balance of $13,111. Total expenses of $424,065 (Q1, 2024: $451,188).The Company continues to target larger customers for solar system sales and installations, specifically for utility and commercial customers. The Company's business development activity is now engaged in assessing specific projects of a scale up to 5MWs. The board believes the Company has a competitive advantage and can offer a compelling proposition in this segment of the market. In this regard, the Company's track record and engagement with local power companies and progressive, high-quality corporate customers evidences its capacity to successfully undertake solar projects in the multi-megawatt range. While pursuing a determined, new focus on larger, commercial and local community solar projects, with a view to accelerating growth rapidly, the Company will continue, as a base level activity, to service the demand from small and medium-sized businesses in rural communities. The strength of demand for projects at this size level could be impacted by curtailment of certain incentives, referred to below, arising from budgetary developments arising from the current political background, referred to below. Corporate growth opportunities. The Company is also pursuing corporate opportunities to expand through partnerships, joint ventures or other initiatives that meet the Company's criteria of profitability, market opportunity and strong management teams. Brian Timmons, CEO For more information: Investor RelationsBrian Timmons, CEO1.865 888 9925btimmons@ About Solar Alliance Energy Inc. ( Solar Alliance is an energy solutions provider focused on the commercial, utility and community solar sectors. Our experienced team of solar professionals reduces or eliminates customers' vulnerability to rising energy costs, offers an environmentally friendly source of electricity generation, and provides affordable, turnkey clean energy solutions. Solar Alliance's strategy is to ultimately build, own and operate our own solar assets while also generating stable revenue through the sale and installation of solar projects to commercial and utility community words 'would', 'will', 'expected' and 'estimated' or other similar words and phrases are intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, statements with respect to the resumption of trading of the Company's common shares. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include but are not limited to: the ability to complete the Company's projects on schedule or at all, uncertainties related to the ability to raise sufficient capital; changes in economic conditions or financial markets; litigation, legislative or other judicial, regulatory, legislative and political competitive developments; technological or operational difficulties; the ability to maintain revenue growth; the ability to execute on the Company's strategies; the ability to complete the Company's current and backlog of solar projects; the ability to grow the Company's market share; the high growth rate of the US solar industry; the ability to convert the backlog of projects into revenue; the expected timing of the construction and completion of the 1500 kW Kentucky solar projects; the targeting of larger customers; the ability to predict and counteract the effects, should they re-emerge, of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19, on the construction sector, capital market conditions, restriction on labour and international travel and supply chains; potential corporate growth opportunities and the ability to execute on the key objectives in 2025. Consequently, actual results may vary materially from those described in the forward-looking statements.
Yahoo
28-05-2025
- Business
- Yahoo
Solar Alliance Energy, Inc. Announces Appointment of New CFO
TORONTO and KNOXVILLE, Tenn., May 28, 2025 (GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. ('Solar Alliance' or the 'Company') (TSX-V: SOLR, OTC: SAENF), a leading solar energy solutions provider focused on the commercial and utility solar sectors, is pleased to announce the appointment of Mr. Jawad Chugtai of Global BPO Service Inc, as Chief Financial Officer of the Company, effective immediately. Mr. Chugtai is an Associate Member of the Institute of Chartered Accountants England and Wales (ICAEW) and a fellow member of the Association of Chartered Certified Accountants (ACCA). He has over 10 years of experience in Finance, Audit, Risk Management and Internal Controls. Mr. Chugtai has supported the Company in connection with the audit of the Company's financial statements for the year ended December 31, 2024 (the 'Financial Statements'). As previously announced, the Financial Statements and related management discussion and analysis ('MD&A') were filed past the applicable filing deadline and a cease trade order was imposed on the Company, which was subsequently lifted on May 22, 2025 following the filing the Financial Statements and MD&A. The Company is working with the TSX Venture Exchange to resume trading in its Common Shares and expects trading to resume shortly. The Company will provide an update once a trading resumption date is known. The former Chief Financial Officer of the Company, Ms. Christina Wu, has resigned and the Company thanks her for her services. Brian Timmons, CEO For more information: Investor RelationsBrian Timmons, CEO1.865 888 9925btimmons@ About Solar Alliance Energy Inc. ( Solar Alliance is an energy solutions provider focused on the commercial, utility and community solar sectors. Our experienced team of solar professionals reduces or eliminates customers' vulnerability to rising energy costs, offers an environmentally friendly source of electricity generation, and provides affordable, turnkey clean energy solutions. Solar Alliance's strategy is to ultimately build, own and operate our own solar assets while also generating stable revenue through the sale and installation of solar projects to commercial and utility community words 'would', 'will', 'expected' and 'estimated' or other similar words and phrases are intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, statements with respect to the resumption of trading of the Company's common shares. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include but are not limited to: the ability to complete the Company's projects on schedule or at all, uncertainties related to the ability to raise sufficient capital; changes in economic conditions or financial markets; litigation, legislative or other judicial, regulatory, legislative and political competitive developments; technological or operational difficulties; the ability to maintain revenue growth; the ability to execute on the Company's strategies; the ability to complete the Company's current and backlog of solar projects; the ability to grow the Company's market share; the high growth rate of the US solar industry; the ability to convert the backlog of projects into revenue; the expected timing of the construction and completion of the 1500 kW Kentucky solar projects; the targeting of larger customers; the ability to predict and counteract the effects, should they re-emerge, of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19, on the construction sector, capital market conditions, restriction on labour and international travel and supply chains; potential corporate growth opportunities and the ability to execute on the key objectives in 2025. Consequently, actual results may vary materially from those described in the forward-looking statements. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Solar Alliance Energy, Inc. Announces Appointment of New CFO
TORONTO and KNOXVILLE, Tenn., May 28, 2025 (GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. ('Solar Alliance' or the 'Company') (TSX-V: SOLR, OTC: SAENF), a leading solar energy solutions provider focused on the commercial and utility solar sectors, is pleased to announce the appointment of Mr. Jawad Chugtai of Global BPO Service Inc, as Chief Financial Officer of the Company, effective immediately. Mr. Chugtai is an Associate Member of the Institute of Chartered Accountants England and Wales (ICAEW) and a fellow member of the Association of Chartered Certified Accountants (ACCA). He has over 10 years of experience in Finance, Audit, Risk Management and Internal Controls. Mr. Chugtai has supported the Company in connection with the audit of the Company's financial statements for the year ended December 31, 2024 (the 'Financial Statements'). As previously announced, the Financial Statements and related management discussion and analysis ('MD&A') were filed past the applicable filing deadline and a cease trade order was imposed on the Company, which was subsequently lifted on May 22, 2025 following the filing the Financial Statements and MD&A. The Company is working with the TSX Venture Exchange to resume trading in its Common Shares and expects trading to resume shortly. The Company will provide an update once a trading resumption date is known. The former Chief Financial Officer of the Company, Ms. Christina Wu, has resigned and the Company thanks her for her services. Brian Timmons, CEO For more information: Investor RelationsBrian Timmons, CEO1.865 888 9925btimmons@ About Solar Alliance Energy Inc. ( Solar Alliance is an energy solutions provider focused on the commercial, utility and community solar sectors. Our experienced team of solar professionals reduces or eliminates customers' vulnerability to rising energy costs, offers an environmentally friendly source of electricity generation, and provides affordable, turnkey clean energy solutions. Solar Alliance's strategy is to ultimately build, own and operate our own solar assets while also generating stable revenue through the sale and installation of solar projects to commercial and utility community words 'would', 'will', 'expected' and 'estimated' or other similar words and phrases are intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, statements with respect to the resumption of trading of the Company's common shares. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include but are not limited to: the ability to complete the Company's projects on schedule or at all, uncertainties related to the ability to raise sufficient capital; changes in economic conditions or financial markets; litigation, legislative or other judicial, regulatory, legislative and political competitive developments; technological or operational difficulties; the ability to maintain revenue growth; the ability to execute on the Company's strategies; the ability to complete the Company's current and backlog of solar projects; the ability to grow the Company's market share; the high growth rate of the US solar industry; the ability to convert the backlog of projects into revenue; the expected timing of the construction and completion of the 1500 kW Kentucky solar projects; the targeting of larger customers; the ability to predict and counteract the effects, should they re-emerge, of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19, on the construction sector, capital market conditions, restriction on labour and international travel and supply chains; potential corporate growth opportunities and the ability to execute on the key objectives in 2025. Consequently, actual results may vary materially from those described in the forward-looking statements.
