New developer Alset Solar launches with focus on utility-scale brownfield projects

Document Security Systems (DSS), a multinational company operating businesses in consumer packaging, brand protection technology, blockchain security, direct marketing, healthcare, real estate and securitized digital assets, announced the launch of new venture Alset Solar.

Alset Solar was formed to pursue development of utility-scale solar farms, providing a clean energy future to polluted or underutilized properties to supplement the power grid or provide small microgrids for independent energy.

“Solar energy is a powerful force for good. It has the potential to mitigate climate change, reduce air pollution, expand access to energy for all and contribute to global economic well-being,” said Melissa Sims, director and advisor of Alset Solar.

As demand for renewable energies continues to grow in the U.S., disputes about where to locate solar and wind farms grow more common as well. Large-scale utility farms raise concerns over public land use and transmission loss. Opponents of community-scale projects are concerned with visual aesthetics, noise and property values. Many rural interests would rather see good land being used for agricultural farming than solar farming. If renewables want to maintain a positive reputation, they clearly must look for a way to get around these concerns.

The more than 450,000 brownfield sites, 130,000 EPA Superfund sites and 19 million acres of Bureau of Land Management land with excellent solar energy potential across the nation present a major opportunity to put unwanted, unproductive, dirty land back into use by producing clean electricity. Doing so can even avoid the major concerns various communities have over installing solar farms.

“We are actively identifying eligible sites in key markets and will work closely with communities to put these sites back into use and back on the tax rolls,” continued Sims. “By focusing our development efforts on blighted land such as current and former contaminated properties, landfills and mines, we can transform these underutilized sites into assets, providing land resources for clean energy development and diminishing development pressures on open space.”

Alset Solar is a wholly owned subsidiary of Alset Energy, the holding company for its energy group projects. Alset Energy is currently headquartered in Houston, Texas, and is initially seeking market opportunities in the U.S. sunbelt areas, including Texas, Arizona, New Mexico and Florida.

News item from Document Security Systems

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