About P2 Solar
P2 Solar, Inc. (PTOS) participates in the lucrative renewable energy market as a developer of solar photovoltaic (PV) power and mini-hydro projects. Acknowledging the rising demand for clean energy worldwide, renewable energy’s increasingly competitive edge over grid electricity, and commercial efforts to reduce reliance on greenhouse gas emitting fossil fuels, P2 Solar invests and channels its resources to benefit from these global trends.
In regards to its solar PV initiatives, P2 Solar is focusing development of its projects in “sunbelt” areas where sunlight exposure is abundant; renewable energy policies are favorable; public and private sectors are actively seeking to incorporate solar PV into their electricity consumption profiles; and where governments offer attractive solar PV power generation incentive policies to motivate development.
Small-hydro technology is another viable method of harnessing renewable energy – in this case, from small streams and irrigation cannels. While P2 Solar’s primary focus is on solar PV, the company sees tremendous opportunity in this segment of the renewable energy space. Small-hydro plants, which are typically under 25 MWp, are used as a cost-effective source of energy supply that is more affordable and environmentally friendly compared to traditional large-scale hydro power projects. Often referred to as run-of-the-river power, small-hydro power plants impose a smaller footprint on the terrain surrounding the project because no dams are involved. Newer, more efficient small-hydro technology now enables developers to also exploit slower moving water channels, such as irrigation canals, which significantly expands the number of potential generating sites. P2 Solar currently has two small-hydro projects under development in India, a country well-known for its high population and overburdened electricity grid.
The company’s growth strategy centers on management’s aggressive mandate to develop 150 MWp of electricity generating capacity in several phases over the next few years. To this accord, the company is focused on further development of its project portfolio, which currently consists of the Langley Rooftop Project in British Columbia; the Rajgarh Mini-Hydro Project in Punjab, India; and the Tibba Mini-Hydro Project, also located in Punjab India. Another 35 MWp of projects in India could be brought under contract in short order (less than 3 months).
Backed by executive leadership with more than 60 years of combined experience, P2 Solar continues to develop and expand its current projects while opportunistically pursuing development opportunities in other regions with favorable solar energy regimes.