Solamon CEO Graeme Boyce Set to Address CREF Attendees

Top Quote Graeme Boyce will be joined by other 3 other Solamon executives at the Caribbean Renewable Energy Forum. End Quote
  • (1888PressRelease) September 29, 2011 - Toronto - Solamon Energy Corp. is proud to announce the company will be attending the Caribbean Renewable Energy Forum being held next month in Barbados. In particular Solamon CEO Graeme Boyce has been selected to speak on "The Utility Panel", joining Peter Williams, Managing Director, Light & Power Holdings - Barbados; Christiaan Gischler, Senior Energy Specialist, Inter-American Development Bank; Will Wynn, former Mayor, Austin, Texas; and former Chair, Austin Energy; and Amiraly Valibhay, Director, Electricite de France - Guadeloupe. Panelists will discuss, according to CREF Executive Director Matthew Perks, new models for diversified generation and long-term profitability.

    "Caribbean utilities frequently find themselves between a rock and a hard place," explains Perks. "The rock is a mandate to run a business; the hard place is to respond appropriately to vociferous demands that models be revised to incorporate renewables. Given the rising price of oil and the decreasing cost of renewables," he continues, "some of the inherent conflicts are lessening."

    Ultimately, once the wells run dry, all Caribbean utilities will need to replace their existing oil and gas power plants and now realistically are addressing not when but how to integrate renewable sources of fuel to generate electricity and ensure continued competitiveness of their product and the long-term viability of their own economies.

    "The time is now," states Boyce. "We have discussed energy at the senior-most levels within government offices and in board rooms across the Caribbean, as well as in pubs and taxis, and find there is always a great reception for solar. Everyone in the Caribbean understands the power of the sun. Rather than selling pieces of equipment and cable, we provide a turnkey solution, from design and implementation to maintenance and security, which also might involve negotiating leases and establishing critical partnerships along the way. We do not see solar as a cost for our clients, but in fact a revenue stream," he concludes. "So now the big question is: who wants to own it?"

    Attending CREF alongside Boyce are President Jay Yeo, Senior VP Ainsley Brown and Country Head for Jamaica, and Christian Giles, Director of Regional Development. Over the past few weeks, Giles has visited the U.S. Virgin islands and the British Virgin Islands, and is heading to St Maarten and St Martin next week for meetings with government officials, institutional administrators and business leaders. CREF takes place over 3 days at the Hilton Barbados, October 12-14. The agenda is expected to generate lively discussions on subjects ranging from energy policies and electric cars to acquiring capital and exploring funding options, as well as other renewable sources of electricity.

    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," Boyce adds. "We are flexible and with our developing relationship with BP Solar can bundle utility-sized energy deals in order to finance them efficiently."

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