{"id":8851,"date":"2013-10-29T11:08:31","date_gmt":"2013-10-29T16:08:31","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=8851"},"modified":"2013-11-01T15:16:57","modified_gmt":"2013-11-01T20:16:57","slug":"greenwood-biosar-lands-panama-solar-deal","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/greenwood-biosar-lands-panama-solar-deal\/","title":{"rendered":"Greenwood Biosar lands Panama solar deal"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/10\/solar-best.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8855\" title=\"solar best\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/10\/solar-best.png\" alt=\"\" width=\"634\" height=\"399\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/10\/solar-best.png 749w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/10\/solar-best-300x189.png 300w\" sizes=\"auto, (max-width: 634px) 100vw, 634px\" \/><\/a><\/p>\n<p><em> <\/em><\/p>\n<div id=\"article-copy\" class=\"seven columns offset-by-one\">\n<p id=\"h924276-p1\" class=\"permalinkable\">The first utility-scale solar farm in Panama will be produced by a construction-management team in Carlsbad.\u00a0 More good news for Panama and forward thinking that will help as Panama continues on its growth path in the future.<\/p>\n<p id=\"h924276-p2\" class=\"permalinkable\">Greenwood  Biosar, with a dozen employees working out of offices in North County,  has been awarded a contract for engineering, procurement and  construction of a solar farm near Chitre, southwest of Panama City, the  company announced this month. Terms were not revealed.<\/p>\n<p id=\"h924276-p3\" class=\"permalinkable\">The  2.4-megawatt solar array, capable of powering more than 1,000 homes,  will provide electricity to customers of state-owned utility Empresa de  Generaci\u00f3n El\u00e9ctrica, or EGESA.<\/p>\n<p id=\"h924276-p4\" class=\"permalinkable\">Panama  is seeking out more electricity to offset the expansion of its  transoceanic canal and a new subway system in Panama City, said  Greenwood Biosar General Manager George Kanetakis.<\/p>\n<p id=\"h924276-p5\" class=\"permalinkable\">The  new solar farm also is part of an effort to trim Panama\u2019s growing  reliance on fossil-fuel power plants. Hydroelectric facilities generate  nearly half of Panama\u2019s power but cannot keep pace with growing  electricity demands because of geographic and environmental constraints.<\/p>\n<p id=\"h924276-p6\" class=\"permalinkable\">Greenwood  Biosar is owned in equal parts by Greenwood Energy, a New York-based  alternative energy investment firm, and Aktor\/Biosar, a division of  Athens, Greece-based construction contractor Ellaktor Group. Total  installed solar generation capacity for the joint enterprises will  exceed 400 megawatts by the end of 2013.<\/p>\n<p id=\"h924276-p7\" class=\"permalinkable\">Recent  projects include one of Vermont\u2019s largest solar photovoltaic power  plants in Sheldon Springs, about 35 miles north of Burlington, completed  in August.<\/p>\n<p id=\"h924276-p8\" class=\"permalinkable\">Chief Operating  Officer James McCrea explained that Greenwood Biosar was formed at the  start of 2012 but its owners have lengthy experience carrying out solar  projects. The company works almost entirely through subcontractors.<\/p>\n<p id=\"h924276-p9\" class=\"permalinkable\">\u201cIt  allows us to compete with the big boys, and be light on our feet and  not have big overhead,\u201d he said. \u201cEven though we\u2019re only a  year-and-a-half old, there\u2019s increadible experience behind us.\u201d<\/p>\n<p id=\"h924276-p10\" class=\"permalinkable\">Greenwood Biosar\u2019s clients have included renewable energy developers EDF Renewables and AES Solar.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The first utility-scale solar farm in Panama will be produced by a construction-management team in Carlsbad.\u00a0 More good<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8851","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Greenwood Biosar lands Panama solar deal - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/greenwood-biosar-lands-panama-solar-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greenwood Biosar lands Panama solar deal\" \/>\n<meta property=\"og:description\" content=\"The first utility-scale solar farm in Panama will be produced by a construction-management team in Carlsbad.\u00a0 More good\" \/>\n<meta property=\"og:url\" content=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/greenwood-biosar-lands-panama-solar-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog and Newsletter\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=100088396493750\" \/>\n<meta property=\"article:published_time\" content=\"2013-10-29T16:08:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-11-01T20:16:57+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/10\/solar-best.png\" \/>\n<meta name=\"author\" content=\"Adrian Prozzo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" 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