iSun (NASDAQ: ISUN) Enters Large Utility Solar EPC Business; Acquires Intellectual Property




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Summary: iSun, Inc. (NASDAQ: ISUN) a leading solar energy and clean mobility infrastructure company with 50 years of construction experience in solar, electrical and data services, today announced that it has acquired all of the intellectual property of Oakwood Construction Services, and its affiliates, a utility-scale solar EPC company,. This acquisition provides iSun entry into the rapidly growing and underserved utility-scale solar EPC market and continues geographic expansion strategy; OCS has contracted projects in South Carolina, Utah, and Colorado. There is roughly $69 billion of utility-scale solar assets to be built in the US already under executed power purchase agreements Allows iSun to enter the underserved build-transfer solar projects market, where it will develop, build and sell large projects directly to utility clients Since 2017, OCS has contracted approximately 450 megawatts of utility-scale solar assets in the United States, for a total fair market value of nearly $700 million, with projects in South Carolina, Utah, and Colorado. Headquartered in Williston, VT, iSun, Inc. (NASDAQ: ISUN) is a business rooted in values that align people, purpose, innovation, and sustainability. Since entering the renewable energy market in 2012, iSun has installed over 200 megawatts of rooftop, ground mount and EV carport solar systems (equal to power required for 38,000 homes). We continue to focus on profitable growth opportunities. For more information, visit www.isunenergy.com Green Stock News is a 21st-century broadcast media company that enhances corporate access for public companies through the distribution of news, interviews, and original content across the web and through social media. Subscribe to our channel for Daily Green Stock News … Green Stock News for the New Green Economy. https://www.greenstocknews.com​ https://twitter.com/greenstocknews