TORONTO, March 14, 2017 (GLOBE NEWSWIRE) -- Loraxian is pleased to announce the completion of a series of Memorandums of Understanding between the Company and SAS Sunrise to develop significant renewable energy projects in Southeast Asia, with an initial focus on the Philippines.
It is anticipated that over the 20-year life of this agreement, a minimum of two gigawatts of new clean renewable power will be produced, providing both environmental and economic benefits.
“I am absolutely thrilled to move forward in partnership with SAS Sunrise,” said Roland Kielbasiewicz, Founder and CEO of Loraxian. “As a proven global leader in the renewable industry, coupled with a track record of success in the region, they are the perfect long-term partner for us.”
While the joint venture agreement is designed to support positive growth in South-East Asia, Loraxian intends to maintain and expand its Ontario-based work force rather than relocate its corporate headquarters overseas.
“Over the last decade, Ontario has supported the creation of an incredible knowledge base of skilled engineers with deep experience in the renewable industry,” said Albert Ferrer, COO of Loraxian. “We at Loraxian want to harness that passion and skill rather than relocate – that’s why we have decided to significantly expand our Canadian operations to support our growth in international markets.”
Over the next twelve months, Loraxian intends to hire more than 50 new senior level specialized employees, based in Oakville, who will virtually manage significant elements of the new projects as they come online. It is further anticipated that these employees will be supported by over 150 local workers in Loraxian’s new Manila regional office, as well as other target markets.
“This partnership agreement clearly demonstrates the international reputation that Ontario has earned in the renewable sector,” said the Hon. Glenn Thibeault, Ontario Minister of Energy. “I’m proud to say that Ontario has become a breeding ground for some of the best talent in the renewables sector. This agreement assists us in our goal of developing a 21st century low-carbon economy.”
About Loraxian: Loraxian, an Ontario-based corporation, is a rising leader of energy and infrastructure solutions. Specializing in renewable energy production and energy conservation, the company can meet the needs of large and small scale projects utilizing its propriety project management system which consistently delivers on time and below budget for our partners.
Media inquiries, please contact: Cary Kokkonen Chief Marketing Officer, Loraxian Inc. 2630 Bristol Circle, Suite 600 Oakville, Ontario L6H 6Z7 1-800-594-1365 ext.1246 ckokkonen@loraxian.com
