Solamon Eyes Canadian Maritime Renewable Markets

Toronto, Canada (PressExposure) June 29, 2011 -- Solamon Energy Corp. is proud to announce its attendance at the upcoming Nova Scotia Feed-In Tariff Forum, being held in Nova Scotia this September, and also the company's intention to broach international markets and secure new clients globally. Currently, Solamon is seeking clients in the Caribbean islands, intending to expand operations into Central and South American markets prior to launching in both the Mediterranean and North African regions by Q3 2012. "The announcement by Nova Scotia's government to invite new companies to provide MW solar solutions was exciting news," says Graeme Boyce, CEO, Solamon Energy.

"The trading alliance shared between Nova Scotia and the Caribbean islands is quite historic and very commercial," adds Boyce, recognizing its origins in Cod that remains so prevalent in many traditional seafood dishes today. "In terms of managing our growth, it's an English-speaking market that presents sizeable opportunity, and makes an excellent strategic jump-point. On one hand, from Halifax, our executives could easily fly into the European and African airports and, on the other, markets in the Caribbean. We'd like to put a few Apollo Acre™ arrays into Nova Scotia and across the Maritime provinces over the next year."

Nova Scotia, aiming to be a leader in renewable energy, is committing to generate 25% of the province's electricity from renewable sources by 2015 - from a current level of 13%. The government launched a competitive bidding process for medium to large-scale projects and introduced a Community Feed-In Tariff (COMFIT) program to support smaller, community-owned projects. Based on the opportunities and drawbacks of Nova Scotia's Renewable Electricity Plan, the Forum organizers expect attending developers, manufacturers and service providers from the Wind, Biomass, Tidal, Hydro and Solar industries to discuss new integration ideas.

Solamon executives are these days meeting civic and business leaders in other countries to discuss implementing MW solar arrays, as well as innovative hybrid energy solutions, including biodiesel, geothermal and wind technologies. "Clearly, the sun rises in the east and we certainly expect solar to be part of the mix in Nova Scotia," Boyce concludes. "Due to ease of integration, as well as providing energy into remote communities, we are looking to create a few exciting partnerships going forward and will start immediately to find a few critical people who are already involved in solar to help sell our Apollo Acre™ into the Maritime provinces."

Solamon Energy designs and installs integrated arrays of ground-mounted photovoltaic cells that are connected by cable to each other and to converters, batteries and transmission points, utilizing 5 acres of land per unit; each unit is called an Apollo Acre™. The company initially intends to not only deliver turnkey power plants to Caribbean countries using renewable energy sources, such as sun and wind, but that they will also generate jobs locally, in terms of engineering, unit commissioning and subsequent maintenance.

Solamon seeks to operate additional field offices in The Bahamas, Barbados and Puerto Rico.

Press Release Submitted On: June 29, 2011 at 12:53 pm
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