Projects

 

 

 

Updates on Upower Projects

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Executed PPA Contract 002-2014 PSE Upower Honduras

 

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Executed PPA Contract 003-2014 PRODERSSA Upower Honduras

 

(Above, is copies of Upower’s actual signed, sealed PPA’s of the two 50 MW projects with the Government of Honduras and their National Electric Company, Empresa Nacional de Energia Electrica (“ENEE”), with Upower Honduras comprising of Pacific Solar Energy, S.A. de CV (PSA) and Produccion de Energia y Demas Renovables, S.A. CV (PRODERSSA) located in Nacaome, Honduras, currently called Solar Power Sociedad Anónima (SOPOSA) for the Nacaome site and by Compañía de Energía Solar Sociedad Anónima (COHESSA) for the Valle site.)

 

 

Announcements of These Events:

 http://www.marketwired.com/press-release/upower-inc-announces-execution-two-power-purchase-agreements-totaling-100-megawatts-1873067.htm
http://www.marketwired.com/press-release/upower-inc-provides-update-on-its-planned-solar-pv-power-plant-projects-in-honduras-1916273.htm

 

The Company

Mission Statement

To provide Alternative Renewable Energy Solutions using Electrical Power and Energy Storage, for Microgrid and Utility-Sized Power Plants globally, with a concentration on Biomass and Solar Energy Projects, while remaining as Environmentally Conscious as possible in the process.

 

 

General

Upower, Inc. (UPI) is a global renewable energy holding company and developer.  In January 2014, our subsidiary, Upower Honduras, signed a much-publicized 20-year Power Purchase Agreement (PPA) with the government of Honduras and their national electric company, Empresa Nacional de Energia Electrica (ENEE), which became Latin America’s largest solar project to date at 100 Megawatts.  Having a proven business model and experience, alongside access to financial and technology sponsors, Upower is currently in the process of procuring several microgrid and utility-scale renewable energy projects with governments and national electric companies of countries such as South Africa, The Bahamas, Belize, Costa Rica, Cuba, Ecuador, El Salvador, Guatemala, Haiti, Panama, Paraguay, and Peru.  Upower is focusing mainly on existing power generation technologies, including but not limited to; wind, hybrid fossil fuels, biomass, and other waste to energy (WtE), and other power generation sources, with an emphasis on both solar and battery energy storage.
 
Upower’s primary efforts and initiatives are to replicate our recent successful experiences, focusing on solar projects, now having gained access to financial sponsors and technology partners.  Together, we can successfully fully execute these abilities repeatedly in these new geographic locations, benefitting in equity participation for Upower shareholders, partners, and affiliates alike.  We are currently in the process of presenting and negotiating several renewable energy projects with a chosen sponsor.  We are therefore implementing a strong capital raising effort, significant enough, that can result in strong equity participation in future projects and a long-term on-going business model for all parties involved.  The goal is to generate electric power safely, cost-effectively, reliably and profitably.  Our business model provides for the utilization of existing technologies, equipment, manufacturers, suppliers and contractors to develop, construct, engineer, refurbish, upgrade, supply and/or install the power generation equipment and facilities for UPI and/or UPI affiliates to operate as an Independent Power Producer (IPP).
 
 

 

The Upower Honduras Projects are Completed.

 
3rd Party Proof of Prior Projects (Click Below Items) 
Industry News: Upower Completes 2 PV Projects Totaling 100 MWs in Honduras –
WorldBank.org Snapshot of Project Upower Honduras Solar Power Plants #8404 –
– Map of Projects:  See Google Maps of Upower Honduras Projects –

Upower Honduras 100 MW Birds Eye

Upower Honduras 100 MW Zoom

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About Upower’s New Developments Worldwide

Upower is focused on its efforts on Countries like South Africa, Bahamas, Belize, Costa Rica, Cuba, Ecuador, El Salvador, Guatemala, Haiti, Panama, Paraguay, and Peru. 

 

See Bloomberg’s New Energy Finance Climatescope Clean Energy Country Comparison Index Report:     

Climatescope-Clean Energy Country Comp Index Report 2017

 

Independent Power Provider Becomes An Incubators of Opportunities

Through the lifetime of a renewable energy project, from inception to construction, a project goes through important milestones: project filing, “early-stage” development, Notice to Proceed (NTP) or “shovel ready”, and Commercial Operation Date (COD).  The illustration below explains Upower’s Project Lifecycle
 Project Value

 

 

Each project Upower originates, contains the following “Shovel-Ready’ hallmarks:

  • A site control land development process to identify and procure sites ideally suited for large scale solar farms. We selected these sites from many of options securing the best available sites primed for large scale solar projects.
  • Engineering design, layout, zoning determination letters, and interconnection agreements. Upower has a team of elite interconnection specialist engineers that can push these projects through the interconnection process in a savvy and efficient manner.
  • PPA negotiations are managed directly by our experienced executive team, to secure top-quality PPAs with utilities, government, national electric companies, and/or corporate offtaker buyers of electricity. The strength of the PPA determines the value of the project, as we’ve proven with Latin America’s Largest Solar Project to date Completed and Currently Operating in Nacaome, Honduras for the next 20 years.
  • Negotiated superior pricing on both Equipment and EPC contracts, below utility-scale market prices, based on our volume and scale of projects and partnering with the world’s largest solar equipment manufacturer, GCL.
 

Our data rooms are organized to be as user friendly as possible.  One will find individual project folders containing the following:

  • Design
  • Lease
  • Location
  • Power Production
  • PPA Terms
  • Proforma
  • Project Timeline
  • Summary Sheet
  • Zoning Predetermination
 
 

 

 

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In The Bahamas, Upower is in serious talks and participating in multiple in-person visits with The Office Of The Prime Minister as Upower Bahamas, Limited for the past 2 ¾ years seeking potential solar plant and waste to energy opportunities in different islands and locations. Significant interest by the Government, its Government Agencies, including the Bahamian Investment Authority (BIA) and their National Electric Company, the Bahamian Electric Corporation (BEC), Bahamas Power and Light (BPL), including in-person visits and electronic communications with individual Cabinet Members and Ministers to resolve their dependence and extensive costs on fossil fuel based power generators throughout the islands, controlling a 100% use today.  In the Bahamas, Upower Bahamas, Ltd. is in talks with one the largest Major Hotel Owners and Operators on the islands in addition to Upower’s ongoing talks with The Office of The Prime Minister, seeking several solar plants, both Utility-Scale and using a proprietary Micro-Grid Technology, in addition to Biomass and Waste-To-Energy (WtE) opportunities in several site locations to power a large percentage of Nassau, New Providence, Bahamas.  Affiliate Upower Bahamas is aggressively pursuing several customized, proprietary Micro-Grid projects, potentially generating tens of megawatts (MW) of solar power plant(s) throughout the “Family Islands” of the Bahamas in the 20 Island Challenge, namely Andros, Bimini, Eleuthera, Exuma, Grand Bahama, and Great Abaco via the Bahamian Government and its agencies, including the Bahamas Electricity Corporation (BEC), through our local Bahamian partners, while simultaneously securing the financings.  A cost analysis and feasibility report has been completed and submitted to the Bahamian government and its agencies via The Bahamian Investment Authority (BIA) of some of these locations.

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Pictured Above: Local Partners of Upower Bahamas Mr. Forbes & Mr. Collie, Jorge Aizcorbe, Honourable Deputy Prime Minister Philip Davis, Honourable Minister of Energy, Housing, and Environment Kenred Dorsett.

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Pictured Above: David Macias, Local Partners of Upower Bahamas Mr. Forbes & Mr. Collie, Jorge Aizcorbe, and Philip McKenzie, Senior Managing Partner of Davis & Co.

 

 

Special Notice:  As recent as April 2015, the Bahamas began its Residential Energy Self-Generation Programme (RESG) allowing for renewable energy systems to be tied into BEC’s electricity grid with incentives and credits.  Currently, the “Family Islands” are being subsidized to great degree, somewhere between 20 and 30 cents per kilowatt hour (KWh), and their goal is to get it under the subsidized rate it the low 20’s to high teens per KWh.

 

 

Upower Benefits To The Bahamas

 

Click Here To View Submission:   Upower Bahamas 2018 Presentation Final Version

 

By actively participating the renewable energy opportunities in the Bahamas we can:
            Reduce the cost of electricity for households and businesses.
            Increase local participants and likelihood of private investments in The Bahamas.
            Improve energy efficiency and control electricity pricing, demand, and reliable sustainability.
            Reduce The Bahamas carbon footprint and emissions.
            Enhance commerce and diversify the local job market with higher skilled, better paying jobs.
            Reduce dependence on fossil fuels and its overall procurement, storage, transport, and hazards.
            Help develop a framework that drives environmentally-friendly design and implementation.
            Provide a reliable baseload of power generation, while allowing for grid expansion.
            Reduce dependence on fossil fuels and its overall procurement, storage, transport, and hazards.
            Help develop a framework that drives environmentally-friendly design and implementation.
            Little to No Capital Expenditure for Projects.
            No Oil/Diesel Purchase Costs.
            No Currency Risk.
            No Fuel Procurement Risk.
            No Fuel Storage Costs.
            No Fuel  Transportation Costs.
            No Plant Management, Operations, and Maintenance Costs.
            Allowing for the Electric Company to be a Profit Center to their respective Governments, showing Social  and  Environmentally-Friendly Responsibilities, while  improving current Carbon Emission conditions, while maintaining a long-term, reliable base load energy for their country and its People.

 

FORWARD LOOKING STATEMENTS: Certain statements made by Upower, Inc. (“UPI”), its subsidiaries and members of its management team on its behalf in this release and other periodic oral and written statements, regarding UPI’s operating performance, events or developments that UPI believes or expects to occur in the future, including those that discuss anticipated financial results, strategies, goals, outlook or other non-historical matters, or which relate to future sales, earnings expectations, cost savings, growth of UPI or of the market for its products and services, or general belief in UPI’s expectations of future operating results are forward-looking statements. All such forward-looking statements are subject to risks and uncertainties, including the need by UPI for substantial additional working capital to materially advance its business plan, including the projects discussed in this email or press release; no assurances that UPI will be able to secure such capital or the terms upon which such capital may be secured, if at all; technology and other challenges involved in the development and operation of UPI’s planned products and services, including the performance of technology which may be utilized by UPI, compliance with local, regional and national power generation, environmental and related laws, and local, regional and national governmental cooperation; local, regional and national economic considerations, including residential and industrial energy demand; foreign currency effects; UPI’s ability to protect its intellectual property; the ability to integrate acquisitions successfully and the risk that expected synergies may not be fully realized or may take longer to realize than expected; and competitors’ product introductions, pricing and other competitive pressures, as well as other risk factors and uncertainties. Forward-looking statements included herein are made as of the date hereof, and UPI undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
*A U.S. Trademark Application has been filed for the Multilateral Power Purchase Agreement (MPPA™) and has been assigned the USPTO serial number: ‘87069264’.