Solamon Solamon to explore new opportunities in Asia; set to participate in Energy Expo India

Top Quote Solamon Solamon to explore new opportunities in Asia; set to participate in Energy Expo India. End Quote
  • (1888PressRelease) January 10, 2012 - Toronto - Solamon Energy Corp., experiencing continued successes in the Caribbean and unparalleled growth potential in Central America, is pleased today to announce its attendance at the upcoming Renewable Energy India 2012 Expo, scheduled to be held November 7-9 2012 at the India Expo Center, Greater Noida. The event will again attract more than 650 exhibitors and 20,000 visitors from across the globe.

    Due to the popularity of solar in particular, the event has been acquired by UBM. "We are delighted to add this acquisition to our growing Indian exhibition business, " said Mr Sanjeev Khaira, Managing Director UBM India, speaking about the takeover. "Renewable Energy is an important sector that complements our existing portfolio, the demand for electricity in India is estimated to grow at an annual rate of 8%, driving heavy investment on developing renewable energy. We see an excellent opportunity to leverage our international network to drive more international visitors and exhibitors to the event."

    Solamon executives are very excited about their next quarter of activity, as they expand into Central America, and before launching initial efforts into North Africa and the Middle Eastern territories. "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. "We expect to be in India sooner than later."

    The annually held series of Renewable Energy India Expos have received global industry recognition and are Asia's largest and premium event for the renewable sector. With a modest beginning of 600 sqm in 2007, the show is expected to touch exponential height of over 12,500 sqm net display space during the forthcoming edition.

    Last month Solamon sent CEO Graeme Boyce, Yeo, Christian Giles and Ainsley Brown to the annual CREF event in Barbados, where Boyce presented 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."

    Augmenting efforts in Nicaragua, the company is now about to enter Panama and enable the fast-growing 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 business leaders 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 Jamaica, Barbados and Dominican Republic, Solamon is ramping business activity weekly and delivering turnkey solar power plants to countries in the Caribbean and Central America, while developing mutually beneficial long-term relationships.

    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."

    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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