Solamon Energy News Updates

News about SALAMON GROUP, INC.

LAS VEGAS, NV - March 14, 2012 (Investorideas.com renewable energy newswire) SALAMON GROUP, INC. (OTCQB:SLMU) when completed will bring Salamon Group, Inc.'s holdings of Sunlogics PLC up by 9 million shares.


Michael Matvieshen, CEO, states: "We are very pleased with the interest from Sunlogics PLC shareholders and their desire to become part of Salamon Group continues to grow. We believe these additional positions complement our desire to build shareholder value, while allowing us to take yet another step in building our business to reflect industry leadership in the global solar marketplace. Ultimately we believe Salamon Group through additional acquisitions of shares will be best positioned to gain control of Sunlogics PLC at some point, if so desired."

Salamon Group, Inc., through its Sunlogics Power Fund Management, Inc. division, is a solar energy project company specializing in renewable energy power projects. SLMU has a "first right contract" for acquiring Sunlogics PLC and its subsidiaries projects worldwide, including the GM projects.

About Salamon Group

Salamon Group Inc., through its Sunlogics Power Fund Management Inc. division, is a solar energy project company specializing in the acquisition, construction and management of renewable energy power projects. It is a project-acquiring partner of Sunlogics Plc and its subsidiary as well as other third party project ...

(Kenya) — Take an exponentially rising need for clean, reliable energy; add a new renewable energy feed-in tariff (REFITT); and then consider erratic weather conditions that have affected over-relied upon hydropower generation in Kenya and you get an influx of interest in renewable energy by Independent Power Producers (IPPs).

The Kenya Tea Development Agency (KTDA) is one IPP that has decided to venture into wind energy generation. General Manager of KTDA Power Company, Lucas Maina, said in an interview that the decision to venture into wind energy production was based on the fact that wind power is cheap to produce compared to hydropower.

“For example, one wind installed megawatt cost between KSh166 and KSh207 million [approximately US$2 to $2.4 million] while one hydropower installed megawatt requires between Ksh166 million and Ksh250 million,” he said.

KDTA commissioned a study that showed it could install between 10 and 20 MW at a cost of over KSh2 billion [approximately US$22 million] in the Micii Mikuru village of Meru County in the Eastern Province (Counties are new administrative units in Kenya).

Other entities that are considering entering the IPP business include Mumias Sugar Company in Kenya’s Western Province and Imenti Tea Factory in the Eastern Province. Mumias Sugar Company already has a 26-MW bagass cogeneration project that supplies electricity to the national grid. Winafrique Technologies LTD is an...

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Solamon Energy Canada Launches Informative New Website

Posted in Renewable Energy Company

(Toronto – Posted March 9, 2010) – “Happy days ahead,” exclaimed Chris Black, president of Solamon Energy Corp., as the company published and proudly unveiled a new website to its senior team and to the world today. “We intended the site to simply communicate our offering and the progress of each project for our customers [...]
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