PUERTO RICO, 22nd July 2024 – PASH GLOBAL (PASH) has signed an Engineering, Procurement and Construction (EPC) contract to design, construct and operate carport Solar PV installations for SNC Technical Services LLC (SNC Technical), a leading manufacturer of high-quality military & public safety apparel and equipment in Puerto Rico and the United States. The project will initially consist of a 950 kWp installation in Camuy, and a 336 kWp installation in Orocovis. The project in Orocovis is expected to reach commercial operations by Q4 2024 and in Camuy by Q1 2025.
PASH will construct, operate and maintain PV sites on an EPC turnkey basis. PASH will also provide long term O&M services for the projects once construction has been completed. Benefits for SNC Technical include the secure independent, reliable, cost effective and sustainable power supply for their core operations. The Puerto Rico Industrial Development Company (PRIDCO), the landowner of SNC Technical’s facilities has authorized the projects and has been an integral partner in ensuring that the strategic objectives of the projects are achieved; not just for SNC Technical but also for PRIDCO’s own real estate portfolio.
“As we celebrate yet another landmark in our renewable energy journey in Puerto Rico, we proudly showcase the efficacy of our strategic vision, resilient business model, and fervent ambition to drive Puerto Rico’s transition towards a greener future. We commend SNC Technical for their steadfast resolve in slashing their operational carbon footprint through clean energy generation.” -commented Kofi Owusu-Bempah, CEO of PASH. “We are committed to furthering our impact across the island by helping companies like SNC Technical lower their energy costs and make a similar sustainable transition. We look forward to future milestones of this kind as we stride forward and continue to catalyse the renewable energy revolution in Puerto Rico” -added Jeffrey Blege, Project Director at PASH.
SNC is committed to Puerto Rico, and this investment clearly demonstrates the commitment to maintaining our competitive offering, without compromising excellent wages and salaries for all of our employees and associates. The projected energy cost savings will allow us to keep maintaining a healthy labor force with state-of-the-art facilities and the best automated equipment and software available in the field. SNC Technical Services will be the first company in the Textile Manufacturing sector to transition to renewable energy within Puerto Rico. With this project we will be able, once again, to align our core sustainability Alaskan native values with practical actions in the Puerto Rico business.
The covered parking as part of the technical design for the carport will ensure that many of our employees will be able to enjoy the valuable added benefit at SNC Technical Camuy and Orocovis. It has been a fascinating journey so far, in partnership with PASH, and we are excited for the execution of this important improvement to SNC’s operations in Puerto Rico.” – said Humberto Zacapa, CEO of SNC Technical.
“At PRIDCO, we are committed to promoting renewable energy initiatives that drive sustainable and environmentally friendly development. This project will serve as a pilot model for our industrial properties. We trust that this model can be replicated in other facilities, thereby promoting a transition towards a more environmentally conscious future for Puerto Rico. This project is an example of how PRIDCO can support the transition to renewable energy and contribute to achieving Puerto Rico’s energy goals.” – commented Carlos Ríos-Pierluisi, Executive Director of PRIDCO.
ENDS
About PASH Global
PASH GLOBAL is an energy transition investor. Headquartered in London, PASH was established in 2012 with the intention of using the latest innovations in technology to develop, finance, build, operate and maintain clean energy assets globally. PASH works to enhance the social and environmental impacts of its Projects. For more information on PASH, visit: https://www.pashglobal.com
About SNC Technical
SNC Technical Services, LLC (SNCTS) is a wholly-owned subsidiary of Sitnasuak Native Corporation (SNC), an Alaska Native Corporation. SNCTS provides servicing to its own subsidiaries, including HR Management, Financing and Consulting. SNC Technical Services subsidiaries provides services for federal small business entity & Commercial customers in producing military & police uniforms including gear, distributing services & textile fabrics for commercial purposes. The product lines include bio & chemical protective clothing, standard and flame-resistant battle dress uniforms, tactical clothing, military uniforms, and duffle bags. For more information on SNC Tecnical, visit https://www.sncts.com
About PRIDCO
Puerto Rico Industrial Development Company (PRIDCO) is the largest and most complete industrial and commercial real estate company in Puerto Rico. The PRIDCO property catalog provides an ideal place to start or expand your business.
PRIDCO’s main priority is to optimize profitable units and improve operational efficiencies, to become the most productive real estate manager in the Government of Puerto Rico. For more information on PRIDCO, visit: https://www.pridco.pr.gov
For further information please contact:
PASH Global PR & Communication Team:
Tel: +44 (0)207 846 1741
Email: katya@pashglobal.com