Onyx Service & Solutions Inc (OTCQB: ONYX): Two hydroelectric power projects located in the country of Honduras became the first facilities to generate Kyoto Protocol credits, being issued in 2005 by the Clean Development Mechanism (CDM) in Bonn, Germany in 2005. ONYX is advancing to repeat this process with its newly awarded 22 Megawatt Solar Project, which also happens to be located in Honduras. The strategy could have very positive effects for the Company’s revenues as a result.
Eagle River Technology, a power project financing consultancy, attended the presentation ONYX made for their new 22 MW solar project to government leaders on Roatan, Honduras on Sept 21
. After consulting further with Eagle River, ONYX management has decided to make application to the CDM for all of its solar projects that are intended to offset diesel generated power in Latin America and the Caribbean. This could prove to be a major new source of revenue for ONYX.
Currently, ONYX has been awarded two solar power projects in Honduras and has several other projects in the development phase that may qualify for the CDM credits.
Details of the new 22 MW solar project for Roatan, Honduras can be seen at
The Onyx Service & Solutions mission is to manifest cutting edge energy technology, products, manufacturing advances and construction projects to successfully compete in a global energy marketplace, which includes General Electric (NYSE: GE), LDK Solar (NYSE: LDK), Trina Solar (NYSE: TSL) and First Solar (NASDAQ: FSLR)
For more information on the Company see:
About Onyx Service & Solutions, Inc. (OTCQB: ONYX)
Onyx Service & Solutions, Inc. is a for-profit corporation that focuses on brilliant alternative energy solutions including medium to large-scale solar construction projects, cutting edge solar technology acquisition and development, new to market solar product development, advances in solar product manufacturing, worldwide solar product sales and creative financing expertise of alternative energy related projects.