Powering Progress, Lighting the Future: Your Trusted Solar Solutions Provider

SMR’s largest project in the USA is a significant utility-scale solar plus battery storage project, currently in the final stage of development, with construction expected to commence in Q4 2024. The capacity of Sun Bear A is 956kW DC, with a grid connection of 756kW AC being fed into the Shiprock and Lost Canyon substations. This project represents the first of several projects at this scale in the region, which are under development.

SMR has a strong partnership with the Ute Mountain Ute Tribe, and we share goals for developing renewable generation in the area to mitigate climate change and benefit the local economy.

Reasons for Choosing the US:

1. Growth in the US Solar Market: The US solar market is predicted to experience significant growth, with a compound annual growth rate of 8.7% through 2024, higher than the global solar market.
2. High Solar Potential: The US has over 1 million solar installations, and this number is expected to double in the next few years. The US also has some of the best solar resources in the world, making it an ideal location for large solar projects.
3. Government Incentives and Technology Development: The US government has invested in research and development of solar technology, providing incentives such as the Solar Investment Tax Credit and the Investment Tax Credit to encourage the installation of solar systems.

In Focus: Four Corners, Colorado: Our Sun Bear project, situated in Colorado on Ute Mountain Ute land, has a negotiated lease for 5,500 acres. Situated in both an energy and opportunity zone the project will go a long way to providing much needed energy to local areas and thus qualify for beneficial tax circumstances.