Urban Green Energy And OTEPI Partner To Grow Panama’s Solar Market

Posted by SI Staff on September 18, 2014 No Comments
Categories : New & Noteworthy

Urban Green Energy (UGE) says it has formed a strategic partnership with OTEPI Renewables in an effort to expand the commercial solar market in Panama.

The two have secured an order to supply what UGE says is one of the first net-metered rooftop solar systems in the country: a 190 kW system for a commercial warehouse in Panama City that will produce more than half of the facility's energy and feed energy back into the grid during peak demand.

The companies have additional plans to deploy multiple megawatts of solar energy by the end of 2015, UGE says.

‘Panama's economy is growing, and solar energy is the ideal way to solve the business community's electricity challenges,’ says Joshua Rogol, director of business development at UGE.

Last year, UGE says, Panama passed legislation that supports solar energy production. Recent analysis from IHS Technology said Central America is attracting attention from photovoltaic power developers and is on track to install 1.5 GW through 2018.

‘UGE and OTEPI Renewables are working side by side to contribute to a rise in solar within the Panamanian energy matrix,’ says Luis Paul, CEO of OTEPI. ‘We see immense growth in interest in this market over the next several years and, together with UGE, are poised to meet this demand.’

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