Sol Ecolution playing a key role towards transitioning to low carbon and renewable energy solutions

October 14, 2021 – The Sol Group (Sol), the leading provider of energy solutions in the Caribbean, is excited to announce a major step towards further energizing the region with the launch of a low carbon and renewable energy division: “Sol Ecolution”. Sol Ecolution was launched at the recent CARILEC (Caribbean Electric Utility Services Corporation) conference, with the purpose of delivering on Sol’s commitment to energize the communities we serve by facilitating the development of diverse renewable and low carbon energy solutions.

With a long history and deep understanding of the Caribbean energy eco-system, Sol Ecolution is uniquely positioned to support our customers, stakeholders, and communities through this transition. Our capabilities include financing, logistics, technical expertise, and Engineering, Procurement and Construction services. Sol Ecolution is excited to leverage these capabilities to support the transition towards lower carbon and renewable energy solutions across the region.

Sol Ecolution has started deploying solar photovoltaic (PV) technology in a retail service station in Barbados and is currently assessing an additional 29 pilots in retail stations spanning Barbados, St. Maarten, Grenada, Martinique, Guadeloupe, the Bahamas, Bermuda, the Cayman Islands, and Puerto Rico. Over the next few years, it will expand further to include our company-owned retail and terminals networks.  Our offices in St. Maarten and our Bermuda terminal will also be producing PV energy in the short term and we expect to install at least 5 more megawatts (MW) of PV energy generation on commercial scale systems across our offices and unused land from our terminals. Beyond deploying solar technology on assets.

“We are excited by the opportunity to play a key role in enabling sustainable energy solutions in the communities in which we live, work and play, now and for generations”, said Christophe Zyde, Vice President Corporate Development and Sol Ecolution. “Sol is actively engaged in discussions with its utility and commercial customers to identify opportunities to facilitate the development of renewable energy for third party use across the region”, added Zyde.

Dami Adesegha, Group Manager of Sol Ecolution stated, “While we are in the early stages of this promising journey, we see this as a long-term initiative that will play out over decades, and we have committed a significant amount of capital over the next several years to support this initiative”.

The Sol Group of companies operates in 22 countries across the Eastern Caribbean, Puerto Rico, Dominican Republic, Bermuda, Bahamas, Cayman, Belize, Guyana, Suriname, French Guiana, Martinique and Guadeloupe. Sol supplies fuels, lubricants, bitumen and LPG through an extensive service station network, with marine, aviation and commercial operations in the Caribbean.

For further information, please contact:

Dami Adesegha

General Manager

Sol Ecolution

Sol Renewables SEZC | Antilles Trading Company SEZC

Address: Ground Floor BritCay House, 236 Eastern Ave.

Mailing: 10 Market Street, Suite 935

Grand Cayman, KY1-9006

Cayman Islands

+1 (345) 525 5552 mobile

+1 (345) 749 0025  fax

[email protected]

https://www.solpetroleum.com

www.facebook.com/solpetroleum

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Sol Ecolution playing a key role towards transitioning to low carbon and renewable energy solutions

St. Maarten, October 14, 2021 – The Sol Group (Sol), the leading provider of energy solutions in the Caribbean, is excited to announce a major step towards further energizing the region with the launch of a low carbon and renewable energy division: “Sol Ecolution”. Sol Ecolution was launched at the recent CARILEC (Caribbean Electric Utility Services Corporation) conference, with the purpose of delivering on Sol’s commitment to energize the communities we serve by facilitating the development of diverse renewable and low carbon energy solutions.

With a long history and deep understanding of the Caribbean energy eco-system, Sol Ecolution is uniquely positioned to support our customers, stakeholders, and communities through this transition. Our capabilities include financing, logistics, technical expertise, and Engineering, Procurement and Construction services. Sol Ecolution is excited to leverage these capabilities to support the transition towards lower carbon and renewable energy solutions region-wide, including St. Maarten.

Sol St. Maarten stands by its commitment to deliver reliable energy solutions to commercial and retail customers, under the highest safety standards and a robust portfolio of proprietary and licensed products including Sol Go Further High-Quality Fuels, Sol Gas, Sol Shops, Sol Aviation, Sol Marine and Mobil Lubricants. “Between 2015 and 2025, Sol has committed an investment of over US$66M into the St. Maarten economy, through capital investment and community support. We are excited by the opportunity to play a key role in enabling sustainable energy solutions in St. Maarten now and for generations”, said Robert James, General Manager, Sol St. Maarten.

Dami Adesegha, Group Manager, Sol Ecolution stated, “While we are in the early stages of this promising journey, we see this as a long-term initiative that will play out over decades, and we have committed a significant amount of capital over the next several years to support this initiative”.

Given the region’s untapped low carbon and renewable energy potential, as well as the initiatives of the Caribbean governments and utilities to significantly boost low carbon and renewable energy penetration, it is clear that the energy mix within the Caribbean will shift significantly over the next 10 to 20 years. 

Sol Ecolution has started deploying solar photovoltaic (PV) technology in a retail service station in Barbados and is currently assessing an additional 29 pilots in retail stations spanning St. Maarten, Barbados, Grenada, Martinique, Guadeloupe, the Bahamas, Bermuda, the Cayman Islands, and Puerto Rico. Over the next few years, it will expand further to include our company-owned retail and terminals networks. Our offices in St. Maarten and our Bermuda terminal will also be producing PV energy in the short term and we expect to install at least 5 more megawatts (MW) of PV energy generation on commercial scale systems across our offices and unused land from our terminals. Beyond deploying solar technology on assets, Sol is actively engaged in discussions with its utility and commercial customers to identify opportunities to facilitate the development of renewable energy for third party use across the region.

©2021 Exxon Mobil Corporation. Mobil is a trademark of Exxon Mobil Corporation and used under license by Sol Antilles N.V.

The Sol Group of companies operates in 22 countries across the Eastern Caribbean, Puerto Rico, Dominican Republic, Bermuda, Bahamas, Cayman, Belize, Guyana, Suriname, French Guiana, Martinique and Guadeloupe. Sol supplies fuels, lubricants, bitumen and LPG through an extensive service station network, with marine, aviation and commercial operations in the Caribbean.

For further information, please contact:

Robert J. James

General Manager

Sol Antilles N.V.

Cole Bay Depot

Cay Bay Road # 26

Cay Bay

St. Maarten

+1(721) 544-3739 phone

+1(721) 544-3323 fax

+1(721) 520-0515 mobile

[email protected]

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Sol takes steps to further energize St. Maarten community

Sol, the Caribbean’s leading provider of petroleum-based energy solutions has taken a major step towards further energizing the island of St. Maarten. This comes with the recent acquisition of Gulfstream Petroleum Dominicana SRL’s (GPD’s) integrated fuel marketing business in St. Maarten, the Texaco-Branded Network, which involves retail, commercial, marine, LPG distribution operations and the aviation assets and customer contracts.

Commenting on what this acquisition means for consumers, Robert James, General Manager of Sol St. Maarten said that it unlocks opportunities for synergies, and efficiencies across the business, allowing Sol’s teams to focus on delivering safe, reliable products and services to a wider base of customers in St. Maarten. He noted that with the integration of GPD’s network, Sol will now supply a wider network of retail service stations, which will, in turn, provide Sol with the opportunity to offer innovative programs and promotions to its new customer base. James said, “We are passionate about energizing our communities, and about continuing to power the personal and professional journeys of the people of St. Maarten.”

Sol is looking forward to growing together with its new and existing partners to provide exciting and exceptional service opportunities to consumers. Sol is emphasizing that all GPD’s existing contracts with its customers will be honored and that the team is looking forward to strengthening its relationship with partners.

Sol has also signaled that the company views the island’s otherwise untapped low carbon and renewable energy industry with optimism for the future and is exploring initiatives designed to lower the carbon footprint in St. Maarten through renewable energy and Liquefied Natural Gas (LNG). The company is seeking to integrate renewable energy solutions into its operations and, through its stakeholders and partners, is looking forward to being able to power its operations and provide its customers and partners with renewable energy and low carbon power generation options.

During the past five years, Sol has invested over US$22M into the St. Maarten economy and projects an additional capital investment of approximately US$34M. The company has stated that it will continue to manage every aspect of the business driven and guided through its business core values of Integrity, Respect, Safety and Community.

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A Nuestra Comunidad (Puerto Rico)

Continuamos progresivamente despachando combustible a nuestra red de estaciones de servicio marca Shell y confirmamos que hay suficiente abasto para suplir la Isla. A partir del sábado se comenzó a despachar de forma limitada las primeras entregas, según las condiciones de las mismas y las carreteras lo han permitido. La frecuencia de las entregas ha aumentado significativamente desde la reapertura del terminal localizado en Yabucoa, cuyos predios fueron significativamente impactados.

Nuestros equipos continúan trabajando arduamente y dedicados a coordinar las entregas a las estaciones de servicio Shell, en paralelo con brigadas coordinadas por Sol que trabajan para reestablecer la estructura y el servicio en las estaciones Shell afectadas. Al cierre de hoy se estima que habremos completado sobre 120 entregas de combustible.
En Sol permanecemos firmemente enfocados en la seguridad de nuestros empleados, contratistas y consumidores. Mientras trabajamos para servir la comunidad con premura, exhortamos a todos a ejercer tolerancia y tener paciencia antes los retos que enfrentamos, naturales tras el paso de este huracán. Agradecemos a los equipos de respuesta de emergencia que han facilitado este proceso.

 
 

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