Management of SBD International, Inc. (OTCBB:SBDL) announced a plan to build a thin-film solar panel plant in Florida to serve the Caribbean and South American markets.
CEO C. Michael Nurse said, "We have signed a Letter Of Intent with TGI/Solar Power Gr (TSPG) (http://www.tgisolargroup.com/thin-film.html) to be a licensee of their thin film solar panel product and to have TGI Solar 18 be the supplier for an 18- megawatts (MW) capacity plant in Florida."
The plant, when completed in about 18 months, will employ more than 200 workers and will be located in Palm Beach County. It is expected that the plant will be partially funded by a bond issue. Bond Counsel or Bond Underwriters have not yet been selected.
Solar 18 thin film panels function in low light conditions, and can generate more energy than other technologies about 10-15% at the same capacity, according to a release. The panels are encapsulated with EVA to provide protection from moisture.
SBD has identified a number of markets in the Caribbean and South America that it believes can support small solar facilities up to 5 MW or WTE facilities, and in the next few months management will be meeting with the local power authorities to discuss purchasing agreements for the power generating facilities.
Loading...