Feb 9 2010
Evolution Solar announced that the company has initiated process for setting up a new subsidiary in Bermuda. This is necessary to meet the requirements for contractual eligibility under the Bermuda law. The company is anticipating huge opportunities that will be created due to the Bermuda Government Solar Photovoltaic Rebate Initiative for residential users.
The government of Bermuda wants to shift environmentally as well as financially from fossil-fuel supplies to renewable energy sources. Evolution Solar desires to play a significant part in the Bermuda government’s initiative to reduce the dependency on costly oil imports.
Robert Hines, President of Evolution Solar, said the company is making the right moves to capture a substantial portion solar market in Bermuda ranging from large-scale solar farm installations to a large number of solar systems upgrades in the residential sector. The company is also hoping to supply and distribute solar panels in Bermuda.
Source: http://www.evolutionsolar.com