MegaStorage in Panama will receive upgrades soon in the form of solar power capabilities at all three of its facilities.
OTEPI Renewables, an engineering firm, and UGE International Ltd., a renewable-energy provider, will provide the custom photovoltaic systems that will soon off put at least 30 percent of the electricity MegaStorage uses to power its facilities.
"In choosing to use solar, we reduce our electricity expenses, avoid the volatile price of electricity, and show a commitment toward the environment," MegaStorage 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."
MegaStorage hopes to do its small part in increasing the renewable energy sources that businesses in Central America use. OTEPI and UGE have 25 commercial sites under development in Panama and neighboring countries.
"Together, UGE and OTEPI offer businesses in Panama the ability to immediately lower their energy bills with on-site solar,"
Frank Schreiber, UGE's head of business development 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."
Organizations in this story
OTEPI Group Tecnoparque Ciudad del Saber, Edificio, Ciudad de Panamá ,
- General Tire launches new tire for Andean market
- Latin America talks of boosting pork production, exports @CorferiasBogota
- AIR Worldwide team takes part in wind-engineering conference
- El Salvador's Asesuisa discusses risk management, strategic direction with stakeholders
- Grupo Exito buying lettuce locally to support resocialization program
- Endo selling Mexico-based Grupo-Farmaceutico Somar
- AGUNSA operating Ingeniero Buitrago Port in Argentina
- Development Finance Agency approves credit appropriations
- Votorantim, Baesa aiding program to provide children with activities in Brazil
- Chilean tennis club wins Engie Interclub Championship Cup for second time