Sonnedix and Yarotek Celebrate Official Groundbreaking Ceremony of the Largest Solar Power Plant in the Caribbean

03 March 2016

Isabela, Puerto Rico, March 3, 2016 – Oriana Energy LLC, a subsidiary of Sonnedix Group, in partnership with Yarotek, announced today the beginning of the construction of a 45MW ac solar power plant in Isabela, with a ceremonial groundbreaking activity at the project site.

With an investment in excess of US$160 million, the construction of this renewable energy power plant will create more than 300 direct jobs, mostly residents of Isabela and nearby communities.  Once in operation, the Oriana solar power plant will be the largest of its kind in the Caribbean, will meet the annual electricity needs of more than 12,000 homes and will offset 95,000 tons of carbon dioxide emissions a year, equivalent to planting 50,000 trees.

“It is a great pleasure to make this milestone a reality and to recognize today, at the Oriana site, the support provided by Puerto Rico Electric Power Authority (PREPA), the Governor of Puerto Rico and the Mayor of Isabela to our second solar plant in Puerto Rico”, said Pablo Pulido, Board Member and Executive VP of Global Development for Sonnedix.

Samy Esayag, President of Yarotek, said: “We are playing a constructive role in helping Puerto Rico move from using fossil fuel to renewable energy sources and we are proud to be a part of that change.”

Governor Alejandro Garcia Padilla, PREPA Executive Director Javier Quintana and Isabela Mayor Carlos Delgado Altieri attended the ceremony, reinforcing their support to this project, which strengthens the renewable energy portfolio of the Island and helps improve the quality of life of its residents.

“This sustainable energy project represents the vision we have for future developments in our municipality. My interest is to continue promoting Isabela to attract investment and generate jobs that result in a better quality of life.  We are grateful to Oriana Energy and Sonnedix for proposing to us a project of innovation, particularly keeping in mind environmental conservation,” said Delgado Altieri.

With this project, the company expects to generate more than 100,000 megawatt hours of clean, green electricity each year. Synchronization to the grid is scheduled for August of this year.  Greece-based company METKA-EGN, who has a solid track record of building solar plants in Europe and the UK and received Notice to Proceed December 16, 2015, will build, commission and operate the facilities in Isabela.

About Sonnedix

Sonnedix is an Independent Solar Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market.  Sonnedix invests in, develops, builds, owns and operates solar power plants globally.

For more information about Sonnedix, please visit www.sonnedix.com.

About Yarotek

Based in Miami, Florida, Yarotek provides solar and other clean energy solutions to customers across the Caribbean, with most of its current focus in Puerto Rico. Yarotek is looking to continue working with its expanding customer base to reduce energy costs, lower price volatility and generate clean power.

For more information, please visit www.yarotek.com.

I’d put my money on the Sun and Solar Energy, what a source of Power! I hope we don’t have to wait until oil and coal run out, before we tackle that.

Thomas Edison in conversation with Henry Ford and Harvey Firestone, 1931