In a release on Oct. 19, Onyx said it is currently in the hunt to develop a municipal solar power project for the city of Lima, the country’s capital and largest city and for the city of Chicaylo, which is the capital of the country’s northern Lambayeque Region.
Onyx said its business plan recognizes that there is an "extremely lucrative" market for solar power projects throughout Latin America and the Caribbean, especially in nations that currently use diesel generator produced electricity. A large portion of the Caribbean and Latin America uses diesel generator powered electricity, causing rates between 35 cents to 44 cents per kilowatt hour. The Company is currently concentrating on securing the most profitable solar power projects in the region.
Onyx said it has secured two solar power projects in Honduras, one of which is 22 megawatts as well as "making good headway" toward securing solar power projects in Panama and Columbia.
"Once again, we expect this trip to result in very positive results for the Company," Burleson said. "Our decision to seek out the most potentially lucrative solar energy projects in the Western Hemisphere seems to be a sound one," he concluded.
Onyx Service & Solutions focuses on alternative energy solutions including medium to large-scale solar construction projects, solar technology acquisition and development, new to market solar product development, advances in solar product manufacturing, worldwide solar product sales, and creative financing expertise of alternative energy related projects.