ABCO ENERGY ANNOUNCES ANOTHER COMMERCIAL SOLAR PROJECT FOR $543,000
09 Juli 2019 - 4:28PM
InvestorsHub NewsWire
ABCO
ENERGY
ANNOUNCES
ANOTHER
COMMERCIAL
SOLAR
PROJECT
FOR $543,000
July
9, 2019 -- InvestorsHub NewsWire -- ABCO Energy, Inc,
(OTCQB,
"ABCE")
announced on July
9, 2019, Tucson,
Arizona, that the company
has completed the sale and
financing of a $543,000
solar
project
on
a medical
facility building in
Southern
Arizona.
This sale has increased
ABCO's
backlog of work to
be completed in 2019 to $1,650,000.
This
backlog represents $1,600,000
of
incomplete commercial projects and $50,000
of
residential work. which will reflect
well in our third
and
fourth quarter
results.
Since
ABCO
completed nearly $3,000,000 in projects during the fiscal year
ended December 31, 2018 our current
backlog indicates a larger sales volume in 2019.
"We
have doubled our annual sales volume over each of the last 2
years", said Charles O'Dowd president of ABCO Energy, and it
appears there could be a very good chance for a solid
increase over 2018 in fiscal 2019".
"Sales
gains and more profitable operations has always been our
goal and our emphasis
on commercial sales efforts has
been very successful"
said
Charles O'Dowd, President. “We
have a large backlog of unfinished work for projects to be
completed in the 2019 year and this will reflect well throughout
the entire year,” he added.
This
new healthcare facility project will be built entirely with solar
parking structures and will contain 167 KWH installed DC solar
power and will save the non-profit organization over $1,624,600
over a twenty-five-year
period. ABCO
arranged for a tax incentive investment financing for this
project.
Safe
Harbor Statement
Note:
Certain statements in this news release may contain
"forward-looking" information within the meaning of Rule 175 under
the Securities
Act
of
1933
and
Rule
3b-5
under
the
Securities
Act
of
1934
and
are
subject
to
the
safe
harbor
created
by
those
rules.
All statements,
other
than
the
statements
of
fact,
included
in
this
press
release
may
include
forward-looking
statements
that
involve
risks and uncertainties. There can be no assurance that such
statements will be accurate and actual results and future events
could differ materially from those anticipated in such statements.
ABCO undertakes no obligation to update forward-looking statements
to reflect
subsequently
occurring
events
or
circumstances
or
to
reflect
unanticipated
events
or
developments.
CONTACT
INFORMATION: Charles O'Dowd Email:
info@abcoenergy.com
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