Projects

 

 

 

Updates on Upower Projects

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PPA Contract # 002-2014 ENEE-PSE Executed Upower Honduras 50 MW

 

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PPA Contract # 003-2014 ENEE-PRODERSSA Executed Upower Honduras 50 MW

 

Above are 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 Renewable Solar Energy Solutions throughout the United States territories, 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)Our two 50 MW Projects, PRODERSSA and Pacific Solar Energy (PSE), which when developed, became Latin America’s largest solar project to date at 100 Megawatts in August 2015.  Funded for $232MM in 2015 by a division of The World Bank, the Project 8404 was completed, and fully operational in the west coast city of Nacaome, Honduras, producing 100 megawatts an hour for the next 20 years, generating 120 gigawatts of electricity annually for approximately 152,000 Honduran households.  Our goal of making these projects a reality, now contribute to the 44% of the clean power generation Honduras is experiencing today and a great example to the rest of the world, according to Bloomberg New Energy Finance. 
Upower is currently in consideration of participating in several Solar PV Projects in Joint Venture within the United States territories.
 

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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Upower ™ Benefits in Solar

By actively participating the renewable energy opportunities in Solar PV we can:
            Reduce the cost of electricity for households and businesses.
            Increase local participants and likelihood of private investments.
            Improve energy efficiency and control electricity pricing, demand, and reliable sustainability.
            Reduce the 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.
            Allowing for 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.

 

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:

    • Executive Summary
    • Zoning Predetermination, Health Safety, EIA
    • Design, CAD Files, Engineering
    • Land Lease, Drawings, Road Access
    • Site Location, Topography, Maps
    • Feasibility Studies, Power Production, ProFormas
    • PPA Terms and Conditions, Feed in Tariff
    • Licenses, Permits
    • Project Construction Timeline, Grid Connection
    • Renewable Energy Laws

 

 

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Pictured Above:  Upower  CEO/Chairman David Macias at Office of The Prime Minister.

 

 

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.