ConnectM Subsidiary Secures $16.5 Million Solar Deployment Agreement with Alpex Solar

Reuters
Feb 04
ConnectM Subsidiary Secures $16.5 Million Solar Deployment Agreement with Alpex Solar

ConnectM Technology Solutions Inc.'s wholly owned subsidiary, Cambridge Energy Resources Private Limited (CER), has entered a definitive agreement with Alpex Solar Ltd. to execute and deliver distributed solar project development and deployment in India. The agreement covers an initial pipeline of approximately 5,000 solar irrigation pumps, representing an estimated $16.5 million commercial opportunity, to be executed over the next 24 months. Under the agreement, Alpex will supply PV modules and act as the primary contracting and collections entity, while CER, through its CER Rooftop unit, will handle balance-of-system design, sourcing, kitting, logistics, and part of the execution support. The partnership is intended to expand CER Rooftop's project pipeline across rooftop solar, commercial and industrial deployments, and agricultural solar pumping.

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