After receiving the award to finance and construct an 18.5 megawatt solar power project for the island of Roatan, Honduras, via Letter of Intent with BPRE, ONYX Service and Solutions has just received the first executed Request for Change Order for the project. BPRE executed the change order to increase the size of the project to approximately 22 megawatts, utilizing an advanced new high efficiency panel rated at 330 watts. The original project specs called for the use of a 280 watt panel. The LOI was the first agreement between the parties for the project construction and precedes a Definitive Agreement that is expected before December 7 th of this year. The Definitive Agreement will detail all of the aspects of the project, to include schedule, costs and payments to ONYX, as well as panel and other equipment specifications.
Onyx Intends to use new advanced Optimum Solar High Efficiency 330 Watt Panel (shown with Optimum Solar staff) (Photo: Business Wire)
Details of the new 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. The new high efficiency 330 watt panel is being furnished by Optimum Solar, which is ONYX’s premier supplier for solar construction projects. The new panel is manufactured to perform in the range of 17.5 to 17.9 percent efficiency. Located on the Asian continent, with direct access and trusted associations with multiple quality manufacturers in Shenzhen, Optimum Solar is an active player to expand ONYX’s focus on solar product development, solar product manufacturing, solar product sales and new solar technology acquisition and development.