#Solar Stocks Gain
Momentum – Solar Plays Key role in #Cannabis and Auto Manufacturing #Energy
Savings (OTCQB: $SING) (OTC: $RGSE) (NASDAQ: $EVSI) (TSX: $NPI.TO)
Point Roberts WA,
Delta BC – May 15, 2019 - Investorideas.com, one of the first investor news resources
covering solar stocks
releases a sector snapshot featuring SinglePoint
Inc. (OTCQB:SING), Walmart, RGS Energy, Envision Solar and Northland Power discussing the rise of
solar energy as large-scale industries from cannabis to car manufacturers look
to utilize cleantech to offset high energy costs.
This growing importance of solar was discussed in a recent
article from Solar Industry Mag. C2 Energy
Capital LLC has recently executed 46 power purchase agreements and leases with Walmart Inc. to provide solar power at
the retailer’s operations in five states.
Read this
in full at https://www.investorideas.com/news/2019/renewable-energy/05152Solar-Cannabis-AutoManufacturing.asp
“These agreements represent a tangible commitment by Walmart (NYSE: WMT) to achieve a
goal of having 50% of its operations powered by renewable energy by 2025. The
solar installations will produce more than 65,000,000 kWh of renewable energy
annually, enough to power nearly 5,500 homes. The projects are expected to
supply approximately 10%-60% of each store’s overall electricity use.”
“Solar is a vital component of Walmart’s expanding
renewable energy portfolio,” says Mark Vanderhelm, Walmart’s vice president of
energy. “Walmart plans to tirelessly pursue renewable energy projects that are
right for our customers, our business and the environment. These planned
projects with C2 Energy Capital are moving us in the right direction toward our
renewable energy goals.”
SinglePoint
Inc. (OTCQB:SING) recently announced the
successful completion of the Asset Purchase Agreement with Direct Solar and AI Live Transfers dated February 22, 2019. Direct
Solar is the largest acquisition to date for SinglePoint and instantly puts the
company squarely into the renewable energy market. According to Hexa Research
the solar market is expected to reach 20.09 Billion USD by 2025. Direct Solar
provides a Lendingtree/Rocket Mortgage way for customers to assess and purchase
solar. This model allows for the company to scale quickly and efficiently
throughout the United States and globally.
“This acquisition will securely place SinglePoint on a new
path towards growth, revenue and overall profitability. We believe Direct Solar
has the people and the ability to scale beyond initial projections and truly
make an impact on SinglePoint’s goal of getting a NASDAQ or NYSE. We believe,
in the following 12 months from the date of the acquisition, revenues will be
in the multiple millions along with profitability. This acquisition is a new
opportunity and puts SinglePoint on a whole new trajectory path,” states Greg
Lambrecht, CEO of SinglePoint.
Recently in an article posted by CleanTechnica, CEO Abigail
Ross-Hopper went on to comment, “The rapid growth in the solar industry has
completely reshaped the energy conversation in this country,” said Abigail
Ross-Hopper, SEIA president and CEO. “This $17 billion industry is on track to
double again in five years, and we believe that the 2020s will be the decade
that solar becomes the dominant new form of energy generation.”
Direct Solar has seen tremendous growth over the past year
which aligns well with the industry overall. In Q4 2018, the US solar market
installed 4.2 GWdc of solar PV, a 139% increase from Q3 2018 and a 4% increase
from Q4 2017. This is attributed to environmental awareness and the overall
cost of solar becoming affordable for customers.
Solar is a massive opportunity both locally and globally.
Locally, the concept of community solar panel systems is gaining popularity in
the US and globally the market is expected to reach 100 gigawatts.
Above and beyond residential solar, SinglePoint has been
in discussions and contact with companies that are interested in utilizing
solar to increase power efficiencies for their cannabis cultivation.
SinglePoint believe there is a major opportunity to marry cannabis and solar to
help decrease costs and the overall energy intensive indoor cultivation of
cannabis.
A recent article in Forbes
discussed, in honour of Earth Day, the many sustainability questions regarding
cannabis cultivation, with the two largest factors continuing to be energy
consumption and waste production-two issues many cannabis companies are
beginning to look into addressing as the industry attempts to reach scale.
In the article: “Theories abound on how to make
cannabis production more sustainable. Independent farmers believe that the “marijuana
Monsantos” that are muscling in are only going to make things perpetually more
detrimental for the environment and the instability of the planet in the years
to come. The lack of sustainability, vast amounts of water and electricity
necessary for cultivation is the elephant in the room of any smoke session.”
Cannabis,
though an obvious partner with solar, looks to be the rule not the exception as
a recent article in CBS
discussed how as crude energy prices continue to rise, and the price of
renewable energy sources like solar and wind become more efficient and cost
effective, solar looks poised to have a strong year in 2019. As SinglePoint Inc. has positioned itself
in both the cannabis and solar sectors through acquisitions, it is betting on
the synergies to pay off.
RGS
Energy (OTC: RGSE), the exclusive worldwide manufacturer of the visually
stunning POWERHOUSE™ Solar Shingle System, announced that it has completed the
previously announced $3.3 million registered offering of (A) 15,938,280
“Primary Units,” each consisting of one share of Class A common stock, par
value $0.0001, or “Common Stock,” and a Series R Warrant to purchase one share
of Common Stock, and (B) 1,430,141 “Alternative Units,” each consisting of one
prepaid Series S Warrant to purchase one share of Common Stock and a Series R
Warrant to purchase one share of Common Stock. The investors paid $0.19 for
each Primary Unit and $0.18 for each Alternative Unit at closing, for aggregate
gross proceeds of approximately $3.3 million.
“You may recall that we mentioned during the third quarter
conference call that because we started our POWERHOUSE™ business from scratch,
the first few quarters would be bumpy until we could achieve an equilibrium
between our demand and supply,” said Dennis Lacey, RGS Energy’s CEO. “Our
commercial launch coincided with the historically slow season for solar system
sales in the first quarter, so it has been challenging. However, we have over
250 local roofers in our system, recently won ‘Best Energy Efficient Product’
award for POWERHOUSE™ at NAHB IBS, and expect to do better as we enter the
historically busy season for solar system sales. Our less than expected start
to 2019 made it necessary for us to raise additional capital. We appreciate the
support of our shareholders.”
After RGS Energy pays the placement agent fees and
estimated offering expenses, RGS Energy expects to receive net proceeds of
approximately $2.9 million.
Envision
Solar International, Inc., (NASDAQGM: EVSI), a leading producer of unique and
sustainable infrastructure products for electric vehicle charging, energy
security and outdoor media, announced that the County of San Diego
Operations Center featured the EV ARC™ portable, solar-powered EV charging
solution at its Earth Day Outreach event.
The County of San Diego created a strong operations
strategy to reduce greenhouse gas emissions produced by transportation in 2015.
Its goal to explore replacing its fleet with alternative fuel vehicles and
deploying charging infrastructure has been met with the adoption of electric
fleet vehicles and purchase of the EV ARC™ product. Not only will it provide
the County’s fleet with 100 percent clean power, but the unit will also
contribute to its goals of reducing their grid-tied energy usage and utilizing
renewable energy. The EV ARC™ product is entirely solar-powered and
grid-independent, meaning that the County will never receive a utility bill
from charging their Evs. Featuring EV ARC™ at the Operations Center’s Earth Day
Outreach event showcased the County’s commitment to investing in clean energy
and the importance of transitioning from gas-powered vehicles in San Diego
County.
Northland
Power Inc. (TSX: NPI) announced that a final investment decision
has been reached on its La Lucha solar project in the State of Durango, Mexico.
Northland owns 100% of the 130 megawatts solar project which will have a total
capital cost of approximately CAD $190 million.
Recent Mexican energy reforms have resulted in strong
market fundamentals and created bilateral power generation and marketing
opportunities, backed by growing industrial demand for power and renewable
attributes. La Lucha will advance to construction while Northland’s experienced
development team in Mexico continues to negotiate bilateral power contracts
with a range of local commercial and industrial offtakers in the market.
“The robust fundamentals of Mexico’s power markets give us
the confidence to build La Lucha as our first attractive investment opportunity
in the country,” said Javier Chavarria, Managing Director, Development for
Latin America. “There is significant interest within the Mexican industrial
sector to meet some of their energy needs through contracts linked to renewable
power facilities like La Lucha.”
“Today’s decision represents an exciting step in the
evolution of Northland’s generation business with our first project focused on
the commercial and industrial customer segment,” noted Mike Crawley, President
and CEO of Northland. “La Lucha is the first investment opportunity to come out
of our regional development offices located in Toronto, Houston, London, Seoul
and soon, Tokyo. These offices are designed to put knowledgeable, local and
experienced development teams on the ground in our identified growth markets.
This also represents our first step towards moving closer to the end customer in
select markets to drive more accretive growth.”
This
article is the first in a two part series featuring SinglePoint Inc., to be followed up with a podcast interview with management
that will dive deeper into the Company’s recent acquisitions in the solar and
cannabis industries.
For investors
following solar and renewable energy stocks visit the Investorideas.com stock directory. Learn more about
investing in renewable energy at
For investors
following cannabis stocks, Investor Ideas has also created a stock directory of
publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, and ASX
Marijuana/Hemp Stocks
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