Enterprise Solar Power Generation Income Statement

Do you audit the consolidated financial statements of Solar Alliance Energy Inc?

Opinion We have audited the consolidated financial statements of Solar Alliance Energy Inc. (the "Company"), which comprise: the consolidated statements of financial position as at December 31, 2021 and 2020; the consolidated statements of comprehensive loss for the years then ended;

What is the income approach for solar assets?

For solar assets, the income approach is generally developed using the discounted cash flow (“DCF”) method. The DCF method is based on the fundamental financial premise that the value of any investment is the present value of expected future economic benefits.

Should solar energy projects be valued?

The valuation of solar energy projects is a complex subject and is a source of tension between regulators, developers and debt and equity investors.

Was the acquisition of the solar development project considered an asset acquisition?

The acquisition of the solar development project was considered to be an asset acquisition. (e) Basis of consolidation These consolidated financial statements incorporate the financial statements of the Company and its subsidiaries. Details of the Company's subsidiaries as at December 31, 2021 and 2020 are as follows:

Who signed Solar Alliance energy's consolidated statements of comprehensive loss?

Signed on the Company's behalf by: "Ken Stadlin" "Michael Clark" Director Director Solar Alliance Energy Inc. - 3 - Consolidated Statements of Comprehensive Loss (All figures in Canadian Dollars, except per share and share information) Year Ended Year Ended December 31, December 31, 2021 2020 Revenues $ 3,666,383 $ 3,500,747

How much money does Solar Alliance Energy have to retire?

The Company has recorded asset retirement obligations of $101,762 (2020 - $101,762) associated with the future decommissioning of weather monitoring equipment situated on the Wildmare Wind Energy Project site, expected to be incurred during 2022. Solar Alliance Energy Inc.