UGE International has signed an agreement with Alpha Energy, an engineering procurement and construction firm, to work jointly on the development, installation, maintenance and financing of distributed generation projects.

Under terms of the deal, the firms will set up a vertically integrated team capable of offering service to the distributed generation and energy storage markets across the globe.

According to Navigant Research, the distributed generation and energy storage markets is estimated to grow at a rate of 300% per year globally.

The deal is a part of UGE’s plan to boost capabilities and expand market presence.

UGE business development director Joshua Rogol said: "Alpha Energy’s global engineering procurement and construction (EPC) expertise on large-scale construction and solar projects is a win for us and our clients.

"Together, we expect to deploy leading edge solar and microgrid solutions for commercial customers worldwide."

The team expects the renewable energy projects to be the major contributor to the growth of distributed solar and microgrid sector in future.

Alpha Energy vice-president and general manager Greg Siemer said: "UGE’s track record of successfully completing world-class projects, along with their project financing capabilities, will ensure this is a successful venture."