Charna Coin Company in partnership with Ubiquity Energy to invest $ 700 million in solar stations in the Philippines, Peru, Brazil, Panama and Puerto Rico.
James McAvoy (James McEvoy), CEO of the Florida Ubiquity Energy and Charna Wallet, announced that the first solar station, which costs amount to approximately 1 million $, set in Cotabato in the Philippines and it will be ready for operation by the 3rd quarter of 2017.
"This is not our first project. We are going to launch in the Philippines a few stations. The farm will be the first in Cotabato. The next will be in Mindanao. All these projects will be implemented in 2017 ", - said McAvoy.
The first project, to be launched in the city of Cotabato, will generate just over 100 kWh and 35 000 households will reduce electricity rates by 35% and open 300 jobs. Local authorities have a strong support for the project, along with Maagap Guardians and C.I.A, National, with the participation of a representative of the CIA Cagayan de Oro.
Company Ubiquity Energy, based in Miami, Florida, was founded in 2003 as a manufacturer of photovoltaic modules (PV). 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 field. In June Ubiquity Energy announced the construction of the building of the new solar plant in Suffern, NY.
On the issue of mining Charna Soin, James McAvoy said that the main idea of the project is that cryptocurrency Charna supports large-scale solar power project, which will provide essential 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 about 1 million, including the production, delivery, labor costs, etc. ", - he said.
Speaking about the objectives and plans of the company, McEvoy said that the project's mission is to "do a good thing for people."
"We have a water treatment technology that we podderzhaivt in the same country [Philippines], together with the company Charna Wallet. We are the owners of the project. We are not brokers, "- said McAvoy.
He added that it is a minor project, as the company now increasingly engaged in solar farms, realizing that "it can bring many benefits - particularly in countries who need it."
"We are investing in the issue not to attract investors - we want to convey to people about what we do. Thus, they will learn that there are ongoing projects which are of charitable nature. "
Behind James McAvoy 19 years business experience in various areas: in the field of technology and solar power, and politics. He is currently working on various technology projects, including the use of solar energy - in the US and other countries.
