Natcore Technology Inc has been engaged to oversee development of a 10 MW photovoltaic solar array in Belize. The company will oversee development of the project in conjunction with Catalyst565, Inc., a globally oriented and regionally diversified energy development company headquartered in New York City.
The 90-acre solar power installation will be located in Placencia, a small town and a significant tourism destination located in Belize. Catalyst565 will capitalize pre-development expenses and will bring together the key partners needed for this project, with Natcore serving as the technology partner and advisor.
The project came to Natcore via its “Best of Breed” program, through which the company functions as a consultant on the design and construction of solar cell/solar panel fabrication facilities and solar farms. Natcore will be compensated on a “cost-plus” basis and will have unencumbered equity in the project.
For the Belize power plant, Natcore will guide Catalyst565 in procuring components of the highest quality at the best prices available, taking advantage of Natcore’s preferential status in the solar industry. Natcore will also select and oversee the EPC (engineering, procurement and construction) firm for the project.
“We developed ‘Best of Breed’ in response to requests from entities that wanted access to our advances in solar technology,” says Chuck Provini, Natcore president and CEO.
“The Belize project has some site-specific requirements that will enable us to flex our muscles.” For example, in 2001 Hurricane Iris hit the region with 145 mph winds, causing major damage to most buildings in Placencia. Because of that history, Natcore is planning a hurricane-proof array for this installation.
Catalyst565 is centered on developing renewable energy by converting municipal waste, plastics and used tires into fuel oil and diesel fuel and directly into electricity. Catalyst565 currently is developing projects in the US Virgin Islands, Canada, Germany and the Netherlands.
“We’re always looking for new energy technologies, but we’ve found it best to be a technology-agnostic company,”