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Home > News > Industry News > Boost for bartering PV in Pana.....


Boost for bartering PV in Panama with new partnership

Renewable activity solutions company, Urban Green Activity (UGE), and activity basement investment and development group, OTEPI Renewables, accept formed a affiliation to focus on bartering solar deployment in Panama.

The affiliation apparent its barrage with the account it had anchored an adjustment to install the aboriginal anytime net metered rooftop solar arrangement in Panama and said it planned to chase this up with "multiple megawatts" of solar by the end of 2015.

“Panama’s abridgement is growing and solar activity is the ideal way to break the business community’s electricity challenges,” said Joshua Rogol, business development administrator at UGE.

“UGE and OTEPI Renewables are alive ancillary by ancillary to accord to a acceleration in solar aural the Panamanian activity matrix,” said Luis Paul, CEO of OTEPI. “We see immense advance in absorption in this bazaar over the next several years”

Earlier this year the Authority of Public Services of the Republic of Panama (ASEP) provided conditional licences for two solar ability plants totalling 29.9MW to be congenital on the western bank of Panama.

Last ages BNEF predicted that amid 2014 and 2016 up to 477MW of new solar accommodation will be installed beyond Central America, singling out Guatelama, Honduras, El Salvador and Panama as potentially able markets.

Also this week, UGE and activity investment and administration partner, Fusion LatAm anchored a US$450,000 arrangement to accommodate ability systems for 90 telecommunications sites in Colombia, accouterment activity to the country’s a lot of limited areas by the end of this year.

“Latin America’s bartering area is abounding with befalling to advance renewable energy,” said Itai Biederman, who leads UGE’s business development efforts in Latin America.