Solamon To Build Largest Solar Array in Central America

Several Nicaraguan sites to be developed as Solamon announces intention to develop largest solar array in the area. End Quote

(1888PressRelease) November 18, 2011 - Managua - Solamon Energy Corp. is proud to announce the company's intention to develop the largest solar array in Central America, comprising five locations across Nicaragua, delivering 100MW of new energy to the grid. Whether located on the east or west coast, once surveyed, each site chosen will be 50 acres and capable of generating 20MW of electricity; eventually also distributed to nearby countries, such as Costa Rica, Panama and Belize, through the SIEPAC network.

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. The recently re-elected Sandinista government is 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, Solamon CEO Graeme Boyce admits there are risks in the equation that are still being evaluated. The Nicaraguan capital of Managua has suffered two devastating earthquakes in recent memory (1931 and 1972), as well as a civil war, which ended in 1979, enabling the democratic country to move forward with modernization efforts, including the introduction of vital literacy and health programs for its people.

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," says Boyce, who is currently touring the country with Keegan, meeting senior business leaders and regulatory officials. "We are aware of the obstacles ahead, yet we are certainly dealing with the right partners to ensure our success."

Currently, there are no solar arrays in Central America, yet there are several rooftop installations. Over the next year, Keegan will continue to meet with Nicaraguans, investigate and propose ideal sites, and work with newspaper editors and television producers to deliver key messages in a timely manner.

"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 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, 3rd party engineering, procurement and construction, as well as system testing and eventual commissioning, security and maintenance.

In the Caribbean, Solamon typically offers a ground-mounted solar array of integrated photovoltaic cells over 5 acre packages of land. 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.

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