P2 Solar, Inc. (PTOS) Powering Clean Energy Solutions to Global Environmental Challenges
Fossil fuels continue to dominate the global electricity supply market, and global concerns over the environmental and human population risks posed by this heavy consumption have grown. Nowadays, 68% of the world’s electricity supply is generated with fossil fuels, according to the International Energy Agency. As a result, many public and private sector organizations have been looking at clean energy technologies as alternative sources for electricity generation.
Renewable energy developer P2 Solar has been promoting clean energy solutions to these growing global challenges. The company is focused on developing solar photovoltaic (PV) power and small-hydro projects in countries where renewable energy policies are highly favorable. P2 Solar has been aggressively moving forward in its development efforts, as it hopes to develop 150 MWp of electricity-generating capacity within the next few years.
At present, P2 Solar holds three clean energy projects in its portfolio: the British Columbia-based Langley Rooftop Project; and the Rajgarh Mini-Hydro Project and the Tibba Mini-Hydro Project, both of which are located in Punjab, India. P2 Solar anticipates when both of its small-hydro projects are fully operational, they will generate more than $700,000 in annual revenue. As it continues to make strong progress on these projects, the company is constantly searching for additional promising opportunities to expand its global footprint.
In a recent headline, P2 Solar announced a significant company development in regard to its Rajgarh project. The company’s wholly owned subsidiary in India inked a power purchase agreement with a Punjab energy distributor, which was the culmination of years of due diligence and other company efforts. The purchase agreement provides a 35-year payment term at an approximate tariff of $0.10 (USD). P2 Solar anticipates the agreement will generate a steady cash flow for future company initiatives. P2 Solar had previously signed an implementation agreement with the Punjab Energy Development Agency, Punjab state’s governing authority on all renewable energy projects, for permission to use the canalled water.
As global trends shift more toward renewable energy sources, P2 Solar plans to remain ahead of the curve, identifying and engaging in development of clean energy projects for meeting the increasing energy demand. On top of its current momentum, P2 Solar is buoyed by the insights and expertise of a savvy management team, of whom its members have over 60 years of collective professional experience.
For more information, visit: www.p2solar.com
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