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TGI Solar Power Group Inc. Announces its Exciting Operation Expansion into Cutting-Edge Energy Storage and Energy Management Systems: New Product Line, Increased Professional Management and Technical Team
TGI Solar Power Group Inc. Announces its Exciting Operation Expansion into Cutting-Edge Energy Storage and Energy Management Systems: New Product Line, Increased Professional Management and Technical Team.
About this update from Tgi Solar Power Group, Inc.
[{"type":"text","content":"NORTH BRUNSWICK, NJ / ACCESSWIRE / September 10, 2020 / TGI SOLAR POWER GROUP INC. (OTC PINK:TSPG) ("TGI"), a diversified technology company, in its continued mission to provide efficient, eco-friendly energy solutions to the growing electric energy management systems marketplace, is excited to announce the expansion into cutting-edge energy storage and energy management systems. With this comes the creation of a new division for community solar, a new product line and an addition to their impressive management and technical team.The Community Solar Renewables (CSR) division of TGI Solar Power GROUP is a full-service community solar developer that designs, builds, owns, and operates community solar developments. The CSR process includes first locating a host site to lease over the term of the agreement, generally 30 years. Then they secure the necessary financing, permits, and insurance to construct the community solar project.Typically, the CSR would work with a Subscriber Management Organization (SMO) to acquire subscribers and manage subscriptions. Subscribers lease panel increments of solar power (kW) or electricity (kWh). The utility provides billing credits to the CSR's subscribers for their share of the electricity generated from the community solar array. They then continue to operate and maintain the system on a perpetual basis. The CSR Division of TGI Solar Power Group's mission is to develop community-based clean energy projects alongside communities who spend a disproportionate amount of income on their electricity bill.The Benefits of Solar Projects/Shared Renewables NationwideThere are 40 states with at least one community solar project on-line, with 2,056 cumulative megawatts installed through 2019. At least 19 states and D.C. have recognized the benefits of shared renewables by encouraging their growth through policy and programs. The next five years will see the U.S. community solar market add as much as 3.4 gigawatts (GW). 3.4 GW will be able to power roughly 650,000 homes. Community solar facilities are usually less than five megawatts (MW) of electrical capacity and vary in the number of acres affected. Unlike residential housing and commercial development on a sold-off farm parcel, community solar installations are generally on leased land, and well-designed systems can be returned to their...