This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Solar Panel Array Being Constructed. (Photo: Business Wire)

Stocks in this article: ONYX

The Villela & Villela Law and Lobbying firm, founded in 1946, has been commissioned to contract Onyx Service & Solutions, Inc. (OTCQB: ONYX) to construct the $84 Million (USD) solar power project for Roatan, Honduras. The project, approved last week, will assist Honduras in becoming more self-reliant for electrical power as opposed to using diesel for generation, which comes at a very high cost. Once under contract, the project will proceed through the normal regulatory process before breaking ground. The project capacity is currently 18.5 megawatts and is expected to take over 65,000 280-watt solar panels. Onyx is also currently in talks to increase the size of the solar power capacity up to 58 total megawatts, once the original 18.5 megawatt facility comes online.

Type of Installation ONYX has designed for Roatan. (Photo: Business Wire)

Type of Installation ONYX has designed for Roatan. (Photo: Business Wire)

Details of the new 18.5 Megawatt Solar project can be seen at http://www.solar-stock.com/solar-diesel-reduction.html - a copy of the project schematics can also be downloaded from the site.

ONYX management has identified a lucrative market for solar power projects in areas that use diesel produced electricity, such as Roatan - which currently relies 100% on costly and unreliable diesel produced electricity. Numerous nations throughout Latin America and the Caribbean use diesel generated electricity as their sole method of supplying power to their citizens and businesses. The advantages of solar energy to these countries can be seen both financially and politically.

ONYX president Malcolm Burleson has recently returned from visiting Roatan and also Panama City, Panama and Bogota, Columbia where he is seeking closure on developing new solar projects there as well. The Company is also fielding an array of potential new solar-related power projects throughout Central and South America as well as the Caribbean.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs