"There is currently significant volatility in the global photovoltaic market, as Germany and other major European countries have slashed their feed-in tariffs for solar power, while facing increased competition from Chinese solar panel manufacturers," said GWS Technologies Chairman Eric Johnson. "But this provides an opportunity to introduce more efficient technologies, such as CSP (concentrated solar power), from Germany to the Mexican and Central American markets. German firms are on the cutting edge of this emerging technology and have begun investing in this growing market," he added.
Mexico has tremendous concentrated solar power potential, as solar radiation levels in most parts of the country are among the highest in the world. The Mexican population is growing, energy demand is rising, and electricity prices are comparatively high, generally about US10 cents/KWh more than in the United States. However, to date Mexico has almost no concentrated solar power (CSP) production for a number of reasons generic to the power sector as a whole, including lack of credit and effective financial incentives.
However, some industry experts point to the recent Renewable Energy and Energy Transition Financing Law (known by its Spanish acronym, LAERFTE) as evidence that this is about to change. Passed in November 2008, the legislation calls for a national framework to finance and regulate the renewables market and consolidate a series of existing fiscal, financial and contractual incentives for renewable technologies. The new legislation should also lead to greater clarity regarding site permitting regulations and grid interconnection standards for solar projects.
The Mexican government is optimistic, citing a 'green fund' set up as part of the renewables legislation which could raise up to $100 million USD. About 20 percent of those funds would be allocated to industrial scale renewable projects, including CSP.
About GWS Technologies, Inc.
GWS stands for GreenWindSolar. We are an alternative energy technology company focused on developing, marketing, and implementing solar and wind-powered renewable energy products and solutions for various commercial, industrial, and governmental end-users. We are also building strategic partnerships with companies that are developing cutting-edge technologies and solutions. By harnessing the power of the wind and the sun, we're helping consumers and businesses generate their own clean power, reduce carbon emissions, and become part of the global energy solution. For more information please visit www.greenwindsolar.com.
Safe Harbor Statement:
Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel.
SOURCE: GWS Technologies, Inc.
GWS Technologies, Inc. Stuart T. Smith, 512-267-2430 F. 512-267-2530 SSmith@SmallCapVoice.com www.SmallCapVoice.comCopyright Business Wire 2010
No comments:
Post a Comment