UGE International Ltd., a distributed renewable energy solutions firm, and OTEPI Renewables, an energy-related company subsidiary of OTEPI Group, announced it will design and install solar systems for all of Mega Storage's locations in Panama.
The installations will supply 30 percent of the electricity used by the buildings.
"In choosing to use solar, we reduce our electricity expenses, avoid the volatile price of electricity, and show a commitment toward the environment,"
Mega Storage General Manager Orlando Wong said. "We are proud to be pioneers in the self-storage industry in Latin America generating on-site electricity through solar modules."
Distributed renewable energy in Latin America and Panama is well-positioned for significant growth. According to GTM Research, Latin America is on track to add 2.1 gigawatts of solar capacity in 2015.
"Together, UGE and OTEPI offer businesses in Panama the ability to immediately lower their energy bills with onsite solar," Frank Schreiber, head of business development for UGE in Panama, said. "We've already seen evidence of the rapid growth of distributed generation. Through this strong partnership, we are confident that we can meet this growing demand and continue to lead in the deployment of renewables across the country."
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