Lights go out at Synergy
Business December 10, 2004
Stabroek News
December 10, 2004
Synergy Holdings Inc., a company that offered alternative solar power supplies, closed in October, because its parent company in Florida was unable to keep the business open.
Synergy Holdings Inc., Guyana was the subsidiary of Synergy Holdings Inc., of Loxahatchee, West Palm Beach, Florida which installs solar and wind powered electricity, and micro-hydro water systems.
Gairy Warren, former sales engineer of the local company noted that Synergy in Florida suffered great losses from hurricanes in that state and as a result they elected to close the local outlet.
Hurricanes Ivan and Francis devastated Florida; causing billions of dollars in damage.
Warren explained that the remaining stock from the business is being sold in wholesale quantities except for certain items with limited amounts. He said outstanding orders the outlet has would be filled. Currently, large retailers are being considered to wholesale the items to. "We have lots of batteries."
The wholesale amount for batteries starts from four. Batteries 180 hp are $19,800 and 225hp, $25,300. Persons can buy one or two inverters or wind turbines. Four hundred-watt wind turbines cost $122,000. There are no solar panels or micro-hydro water systems in stock.
Warren who, along with another employee, lost his job as a result of the closure says that he will be facilitating the purchase of systems from the internet for interested persons.
Several hinterland areas benefited from Synergy energy systems during its operation, including Orealla Primary and Secondary School, Paramakatoi, Aishalton Primary School, Kato and Mara.
Synergy Holdings Inc., US also held a license from the government and an environmental permit to develop a 100-megawatt hydroelectric project at Amaila Falls in Region Eight. A power purchase agreement was being awaited with Guyana Power and Light, however, it is not clear at what stage this project is at.