Savita Solar Wins British Airways Business Opportunity Competition
Savita Solar in Hong Kong was hand selected from nearly 200 applicants to receive a Business Opportunity Grant.
The grant includes 10 Business Class return flights to anywhere on the British Airways network.
To enter the competition, companies were required to describe the scope of their companies' operations, outline their goals and objectives for 2010 and detail how the opportunity and continuity of business travel for a year would benefit the business.
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2010MIECF - SaVita Solar has been invited to attend the The Macao International Environmental Co-operation Forum & Exhibition (MIECF). It is a high-level, pro-active platform promoting Thinking Green, Going Clean and Living Cool in the Peoples Republic of China.
It will be attended by the Ministry of Environment and Protection of the People's Republic of China. This exhibition is the "Green Gateway" for green resources, technology exchange and co-operation between Peoples Republic of China and international markets, particularly the EU.
By using solar energy you eliminate the release of sulphur dioxide (SO2), carbon monoxide (CO), nitrogen dioxide (NO2), suspended particulates (SP). Scientific studies have established that these have an adverse effect on air quality and the health of Hong Kong people.
Source: Clean The Air, Hong Kong
An analysis of a 3kW installation in King's Park over its lifetime would offset 91 tonnes of carbon emissions which is equivalent of plants 77 acres of carbon absorbing trees or not using 36,995 gallons of gasoline.
Source: Natural Resources Canada
It is widely agreed that the world will see dramatic increases in energy prices. Installing solar technologies can reduce or eliminate your exposure to rising electricity rates.
Source: International Energy Association
The payback period can vary depending on the location and the modules installed. It also depends on the stability of utility energy prices. A conservative projection of a 7.5% yearly inflation rate for utility electric rates is used for our calculations. Actual rate increases have at times been much higher. For example, in 2008 electricity prices in Singapore increased by 21.4% and energy prices in the UK increased by 34%.
Sources: SP Services, BBC News
For a 2kW PV installation in Hong Kong it is estimated that savings of approximately $400,000 will be made over the life of the system.
By not relying on energy imports we move the region toward self-sufficiency.