Panama | May 9, 2019

Greenwood Energy has signed an agreement to supply photovoltaic solar energy to a major shopping mall in Panama. The project will be built on the rooftops and will provide the establishment with clean energy for the next 25 years. The self-generated power will be offset by the electricity consumed by the shopping mall, under Net Metering modality. The system will count with 4MW of installed capacity, and it is expected to generate savings above US$300,000 during the first year of operation.

Panama | February 27, 2018

After having successfully completed the 30kW pilot phase in Los Molinos of Santa Isabel and Las Mercedes of Cocle, both in Panama, Greenwood Energy clients have corroborated the conomic and technical advantages of our company’s photovoltaic system, welcoming full implementation of the project through a 500kW expansion of installed capacity.

Panama | September 2, 2015

Today Greenwood Energy announced that it will develop and operate a distributed generation photovoltaic power system with up to 1MW capacity at Chiriqui Hospital in David, Panama. The project will be located on hospital grounds in the municipality of Chirqui, and will provide net-metered power to the 27-year old private establishment. The first phase will involve 500kW capacity distributed in rooftops and carports, and will feature an innovative 30-year power purchase lease. The second phase will add up another 500kW capacity with specific allocations currently under study. A spokesman for Greenwood Energy stated: “Distributed solar PV projects can dramatically improve power reliability for critical infrastructure while cutting power costs, especially when combined with Energy Storage Systems. We are focused on providing energy solutions to large clients in Panama and Central America in order to help decompress transmission networks and allow significant savings in energy costs”. The Chiriqui Hospital project adds to Greenwood’s expanding solar portfolio across Latin America. In 2014 the company built Panama’s first utility-scale PV project, and completed a 40MW solar project in Chile’s Atacama Region.

Panama | April 20, 2017

Greenwood Energy has announced the pilot phase in the development and operation of a distributed generation photovoltaic power system with 600kW capacity at the Los Molinos’s rice mills in Santa Isabel and Las Mercedes at Coclé, Panama. The project is located on Los Molinos’s owned land adjacent to the mills, and will provide net-metered power for 25 years. At these mills, rice is delivered in bulk, transported in elevators that allow moisture into the grains and from there distributed to the different dryers where the rice achieves optimal humidity for long-term storage. Greenwood Energy has a track record for providing grid-connected solar energy facilities for both Net Metering and Power Purchase Agreement structures.

New York | January 15, 2015

Greenwood Energy, the LatAm energy company of Libra Group, announces Philip Embiricos has joined it as Senior Advisor. “You would be hard pressed to find someone with more experience and insight into Latin America than Philip Embiricos”, said Camilo Patrignani, CEO of Greenwood Energy. “His knowledge of project development in Panama, which is among our highest-priorities for solar energy investment, will help build upon our position as a first-mover in this rapidly expanding market”. Philip Embiricos will provide development guidance to Greenwood’s project pipeline across Latin and Central America. He has had a long experience in the Tanker industry and been involved for over 25 years in the shipping industry regulatory matters. He sits on multiple boards and committees including the Panama Canal Advisory Board, the Baltic and International Maritime Council [BIMCO] Executive Committee and Board of Directors, Lloyd’s Register Technical Committee, the Euromed Marseille Ecole de Management School Steering Committee, and the Maritime Industry Foundation. Embiricos has focused on improving the carbon footprint of global shipping, has written several books, and has a Bachelor’s degree in Naval Architecture and Marine Engineering from Durham University as well as a Master’s degree in Shipping Management from the Massachusetts Institute of Technology [MIT]. “Solar energy represents an exciting opportunity for Latin and Central American nations to boost their domestic energy security, meet growing electricity demand while reducing pollution, and help stabilize volatile energy prices”, said Embiricos. “Greenwood is the right developer at the right time to meet the region’s energy and environmental goals.”