Cryptocurrency company Charna Coin in partnership with the Ubiquity of the Energy invested 700 000 000$ in solar power plants in the Philippines, Peru, Brazil, Panama and Puerto Rico.
James McAvoy (James McEvoy), CEO of the Florida Energy and Ubiquity Charna Wallet, announced that the first solar station at a cost of approximately 1 000 000$, will be installed in Cotabato in the Philippines and it will be operational by 3rd quarter of 2017.
“This is not our first project. We are going to launch in the Philippines several stations. Farm in Cotabato city will be the first. The following will be of Mindanao. All these projects will be implemented in 2017,” said McEvoy.
The first project scheduled to be launched in the city of Cotabato, will generate just over 100 kWh and it will help 35,000 households to reduce electricity tariffs by 35% and open up 300 jobs. Local authorities have offered strong support to the project, along with the Maagap Guardians and C. I. A, the National, with the participation of a representative of the CIA Cagayan de Oro.
The Ubiquity Energy company located in Miami, Florida, was founded in 2003 as a manufacturer of photovoltaic (PV) modules. Today the company is a supplier of solar energy in Peru, Brazil, Panama, Asia and the United States.
In addition, the company explore and develop new solutions in the photovoltaic region. In June, the Ubiquity of Energy announced the construction of zdanie new solar plant in Suffern, new York.
On the issue of mining Charna COP, James McAvoy said that the main idea of the project is that the cryptocurrency Charna supports large-scale solar energy project that will provide significant support to the Philippines, Peru, Brazil, Panama and Puerto Rico.
"The whole project is estimated at more than $ 700 million. We're talking about the whole country. A small farm can cost approximately 1 million, including production, delivery, cost, labor, etc.," he commented.
Talking about the goals and plans of the company, McAvoy said that the project's mission is to "do good work".
"We have water-purifying technology, which we will podderzhut in the same country [Philippines], along with Charna Wallet. We are the owner of this project. We are not brokers," said McEvoy.
He added that this is a side project, as the company is now increasingly involved in solar farm understanding that it can bring many benefits - especially in those countries who need it".
"We believe that the issue is not to attract investors – we want to convey to people information about what we do. Thus, they learn that there are current projects that are charitable nature".
Behind James McAvoy 19 years of business experience in various fields: in the area of technology and solar power, and politics. He is currently working on various technological projects, including the use of solar energy in the U.S. and other countries.