Sunbelt International is pleased to announce that a letter of intent has been signed to secure a major construction project in the northeastern state of Ceara, Brazil . The project will deploy numerous CE ISO certified wind / solar turbines by Chinese manufacturer, Qingdao Xingguang Wind Power Generator Co. Ltd located in Jiaonan city, China .
Due to recent government legislative revisions in Brazil , the solar market is projected to realize a 350% growth rate in 2012, and continue to grow exponentially for the next several years. President of Sunbelt International, Fang Soo Liu is also working in partnership with Institutional Investors as well as Investment Banks that have a focus in the solar energy sector. These relationships will potentially secure funding sources to execute on the aforementioned business opportunity. Furthermore, Sunbelt is looking to bolster the existing management team with several new hires who possess experience in the South American region and alternative energy industry.
“The new affiliation with this state in Brazil will provide Sunbelt International great opportunities to develop future projects in this area”, said Sunbelt International President Fang Soo Liu . “This project will also provide valuable insight from local governments who are currently drafting incentives to boost investment in solar power. The government grants will lower start up costs and attract new investors towards these environmentally sustainable projects.”