Investor Presentation
Commercial Solar
Solar Alliance targets commercial and small
utility solar projects to generate near term
revenue.
The commercial solar market consists of on-site
solar installations for businesses, non-profits and
governments.
Annual Installed Capacity (MWdc)
Commercial Solar PV Installations & Penetration Growth
1,800
1,600
1,400
1,200
1,000
800-
600-
1.1%
1%
0.9%
0.8%
0.7%
L
0.6%
0.5%
0.4%
0.3%
0.2%
0.1%
0%
30
2020
2021
With a little more than 1% of commercial
electricity demand served by on-site solar, there
remains significant opportunities for growth.
Solar Alliance has been rapidly scaling in this
segment in recent quarters and expects continued
double digit organic growth moving forward.
400
200-
0
2011
2012
2013
2014
2015
2016
2017
2018
2019
Estimated Share of Total Commercial Electricity Sales
Annual Commercial Solar Installations
Source: SELA/Wood Mackenzie Power & Renewables U.S. Solar Market Insight Q3 2022
TSX-V: SOLR
Share of Total Commercial Electricity Sales
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