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Polaris Renewable Energy Inc T.PIF

Alternate Symbol(s):  RAMPF

Polaris Renewable Energy Inc. is engaged in the acquisition, development and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) geothermal facility in Nicaragua, three run-of-river hydroelectric facilities in Peru, with a combined capacity of approximately 33 MW, a 25 MW solar plant facility in Dominican Republic, a six MW run-of-river hydroelectric facility in Ecuador and a 10 MW solar plant in Panama. Through its subsidiary, Emerald Solar Energy SRL, it operates the Canoa I Solar Park located in the Barahona Province, Dominican Republic. Its San Jacinto-Tizate Geothermal plant is located in northwestern Nicaragua, in the sire of San Jacinto, municipality of Telica, 20 kilometers from the city of Leon. Its Vista Hermosa Solar Parks are located in the village of Vista Hermosa, Corregimiento de Pueblos Unidos, Aguadulce district, Cocle Province. Through its subsidiary Generacion Andina SAC, it owns 8 de Agosto, a Run of River hydroelectric operation.


TSX:PIF - Post by User

Comment by greenandgoldon Mar 30, 2011 10:48am
155 Views
Post# 18360739

RE: RE: RE: Inflation

RE: RE: RE: InflationNo, the PPA absolutely can not be renegotiated once it goes into effect. There are penalties and lawsuits that would put the company out of business. It's a serious contract. Even not meeting minimum performance standards (not producing enough MW for instance) would produce penalties.
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Carbon credits have been dead for a few years but I could see some version of them re-appearing if the world economy recovers enough. A voluntary, locally-driven carbon trading scheme might work--a European utility buying credits for a few million a year from Ram at San Jacinto to meet a portion of their local renewable performance standards. There's social pressure for carbon-producing companies to make some kind of gesture of saving the planet, even if there isn't a global accord.
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