Solamon Announces Mexico Partnership; Omniba Energy To Develop Numerous Projects

Top Quote Solamon forms partnership in Mexico. End Quote
  • (1888PressRelease) August 31, 2012 - Mexico City - Earlier today, Solamon Energy SVP Michael Mitchell, together with President Jay Yeo announced the successful launch of Omniba Energy Mexico, a business partnership recently formed between Solamon and a local private consortium to develop new energy projects together. Mitchell was appointed a Director to the board, and Yeo will serve as its inaugural President.

    This past week Yeo and Mitchell have been in Mexico meeting business leaders, as well as civic administrators and utility regulators, and "the feedback we received was very positive," states Yeo. "Finding and distributing millions of solar cells required for each project will need to be managed carefully, and we are prepared for such an eventuality." Responding to demand, effective immediately Omniba has begun to prepare the tender material required for several large-scale solar projects prior to Yeo and Mitchell leaving Mexico City.

    Omniba will begin to acquire and manage contracts to provide solar farms in Mexico, whereby solar energy can be delivered across long-term power purchase agreements into the grid and directly to private manufacturers. Yeo explains Solamon will be looking to secure office space in Mexico City as he expects the number of projects, both in the tender process and construction, to rapidly increase over the next year. "It seems unanimous," Yeo concludes. "There is a lot of work ahead of us, and everyone agrees we'll need a very big office and lots of people."

    Solamon Energy typically offers a ground-mounted solar array of integrated photovoltaic cells over a package of land 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 are easily augmented by micro wind turbine technology and other innovative features.

    About Solamon:
    Solamon Energy Corp. sells integrated arrays of ground-mounted and rooftop photovoltaic cells. These solar power plants are connected by cable to varied transmission equipment, including converters, inverters and batteries, utilizing 5 acres of land per unit; each unit is called an Apollo Acre™. Additionally, it is expected the company's business activities will spin-off many jobs locally, given engineering requirements, construction, unit commissioning and subsequent maintenance.

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