Solamon executives, led by Corey Keegan, have been actively traversing the country over the past year and agree the availability of flat land adjacent to transmission lines is the critical factor in making the decision to pursue the mega-project in Nicaragua. They also expressed the government has been committed to the viability of renewable energy and to dramatically decrease the country's dependence on oil imports within the next few years.
In confirming the company's interest in the region, Graeme Boyce, Solamon CEO, admits the country is now experiencing economic growth and enjoys political stability. “We feel the country is well on its way to re-establishing itself as the region's most robust economy, and is especially welcoming foreign-led investment initiatives,”
Currently, there are no solar arrays in Central America, yet there are several rooftop installations. “We've been vigilant and have been watching Nicaragua with great interest since visiting Costa Rica several years ago”, concludes Boyce. “We found Coast Rica to be eco-friendly but very expensive. Of course, Solamon will not be doing this project by ourselves and we'll rely on the expertise of others, including our partners at Glenn International, to build these large arrays.”
Solamon Energy provides renewable energy solutions to growing communities. The company provides a fully managed solution called the 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, third-party engineering, procurement and construction, as well as system testing and eventual commissioning, security and maintenance. The company 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.
# # #
PRONicaragua is the Nicaraguan Investment Promotion Agency, established in 2002. It is a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The agency provides complimentary support services to qualified investors seeking investment opportunities in our country.