Solamon Set For First Foray Into Central America
Upcoming Nicaragua meetings to unveil opportunites.
Toronto - Nov. 11, 2011 -- With over $200 million in the sales pipeline after launching less than a year ago in the Caribbean, Solamon executives are very excited about their next quarter of activity, as they expand into Latin America. “There are deals currently being negotiated now with principals in Jamaica that dwarf our initial expectations,” exclaims president Jay Yeo from the company’s new bureau in Barbados, “and we have people on the ground in Honduras and Dominican Republic individually negotiating two separate 20MW deals, which are intricate, but we expect them to be concluded within the next month or two, and our other deals will then fall like dominos.”
Last month Solamon sent CEO Graeme Boyce, Yeo, Christian Giles and Ainsley Brown to the annual CREF event in Barbados, where Boyce presented to attendees his thoughts regarding the changing environment across the Caribbean related to renewable energy and self-generation utilizing the power of the sun. “These changes that were mentioned,” Yeo continues, “include the vast number of companies that certainly realize they can generate their own electricity today by investing in solar systems, such as the Apollo Acre™ – if they enjoy the cooperation of both their local government and utility, who still are required regulate the generation and transmission of energy on behalf of the people.”
The company is now about to enter Nicaragua and enable the Latin American country to reduce and, one day, eliminate their dependence on foreign oil and gas, by developing solar arrays on their land, atop buildings and parking lots. “We are confident that our forthcoming meetings with leaders in Nicaragua will prove to be very fruitful,” says Yeo. “We believe this is a country that is quickly evolving, enjoys visionary leadership and is optimized to acquire and operate large commercial-size solar arrays independently.”
With new bureaus expected to open in 2012 in Jamaica, Barbados and Dominican Republic, Solamon is ramping its activity weekly and delivering turnkey solar power plants to countries in the Caribbean and across Latin America, while developing long-term relationships that are mutually beneficial. “Our top executives are looking for new partners in each territory to manage our Apollo Acre™, both their development and operation,” Yeo adds, “and to establish a suitable post-implementation training program, or several, in collaboration with relevant government agencies, especially on these larger projects.”
Solamon provides a fully managed solution for each Apollo Acre™, a turnkey process from beginning to end including site inspections, project design and development, as well as addressing requisite environmental and local permitting, 3rd party engineering, procurement and construction, as well as system testing and eventual commissioning, security and maintenance.
Solamon typically offers a ground-mounted solar array of integrated photovoltaic cells over 5 acre packages of land, which is called the Apollo Acre™. The company now also designs and installs custom solutions with local partners to provide roof-mounted and parking lot systems that could be easily augmented by micro wind turbine technology. “Our systems can be tied into the grid, or not,” concludes Yeo. “We are flexible and with our developing relationship with BP Solar can bundle utility-sized energy deals in order to finance them efficiently.”