Solar America Corp. (SOLX) executed a memorandum of understanding with Habitables Innca S.A. de C.V., the principal contractor for the San Nicolas housing project in Guadalajara, Mexico.
Under the terms of the memorandum Solar America will be the exclusive provider of solar power and solar lighting solutions for San Nicolas project.
This residential project will reduce the carbon footprint of San Nicolas de la Primavera, a Guadalajara subdivision as well as showcase Solar America's solutions.
Solar America's alliance with Habitables Innca marks the expansion of the company's efforts in Mexico, where Solar America is also participating in the Los Conejos housing project.
Mexico is looking to increase their use of renewable energy sources. Less than one percent of Mexico's land area would need to be developed to power the entire nation, according to the Secretaria de Energia de Mexico, Mexico's energy ministry.
Solar America Corp. intends to commercialize and distribute innovative solar energy products and solutions. Solar America intends to capitalize on its position in the alternative energy sector to develop cutting-edge solar technologies. Solar America common stock is traded under the symbol SOLX.