Business
Stardust Solar Continues Franchise Expansion Across Alberta, Including Banff Region
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Stardust Solar Energy Inc. (TSXV:...
About this update from Stardust Solar Energy Inc.
[{"type":"text","content":"Stardust Solar Continues Franchise Expansion Across Alberta, Including Banff RegionVancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) is pleased to announce a significant territory expansion for its Red Deer, Alberta franchise. Stardust Solar Red Deer has expanded from its original single territory to two expansive territories, now spanning from Banff, AB to the Saskatchewan border. Each additional territory represents approximately 500,000 people, effectively doubling the franchise's market potential.Since joining Stardust Solar's franchise network in February 2022, Stardust Solar Red Deer quickly emerged as the Company's top-performing franchise, achieving the highest gross sales within the Stardust network in 2024. The newly acquired territory includes the Banff region, which offers notable solar incentives, including rebates of up to $15,000 per installation. To better leverage this opportunity, Stardust Solar Red Deer is rebranding its Banff-area operations as \"Stardust Solar Banff.\"This strategic expansion is part of Stardust Solar's broader growth trajectory, highlighted by recent milestones:International and U.S. Expansion: Stardust Solar recently announced its first international franchise in Antigua & Barbuda and expanded significantly within the United States, including new franchises in Houston, Dallas-Fort Worth, Texas, and Columbia, South Carolina.Master Franchisor Growth: In late 2024, the Company applied for master franchisor permits in 42 U.S. states, projecting significant franchise additions annually and aiming to surpass 100 franchise territories by year-end 2025.Strong Backlog: Stardust Solar holds a project backlog exceeding $2 million in signed contracts for solar and energy storage installations set to commence in spring 2025 across the Company's franchise network. In 2024, the Company successfully completed installations totaling 1,200 kilowatts of solar capacity and 189 kilowatt-hours of energy storage.Alberta Franchise Expansion: Stardust Solar Edmonton also recently expanded from one to four territories, highlighting continued growth and success in Alberta.\"We're thrilled by Stardust Solar Red Deer's rapid growth and impressive market achievements,\" said Mark Tadros, Founder and CEO. \"Their success highlights the strength of our franchise mo...