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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 OneEyeon Jun 22, 2015 12:01pm
87 Views
Post# 23855347

RE:RE:RE:RE:RE:RE:RE:RE:Volume

RE:RE:RE:RE:RE:RE:RE:RE:VolumeCos, you are correct - In my opinion, the drop from when the plant was running close to 60mw, down to it's current level of 54-56, may be due to well issues. This is the most likely cause, but on a positive cash flow basis it is a disaster that is still not addressed by management. Turbines don't lose generation, that leaves less steam, which points to wells (or even worse - the resource itself). And as to the excerpt I included which describes the steam resource, it is not really a disclaimer - it is a fact, proven over and over, that heat-in-place significantly overestimates potential steam production. Period! hum, come to think of it, they didn't say anything about how the plant got up to 60mw in the first place!
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