Multi-asset company launches new entity to develop utility-scale solar farms at brownfield sites

Alset Solar is a wholly-owned subsidiary of Alset Energy, Inc.


New York — Document Security Systems (DSS) announced the launch of Alset Solar.



DSS says Alset Solar was formed to pursue the 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,” commented Melissa Sims, Director and advisor of Alset Solar.

As demand for renewable energies continues to grow in the US, 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, Inc. (“Alset Energy”), the Company’s holding company for its energy group projects. Alset Energy is currently headquartered in Houston, Texas and is initially seeking market opportunities in the US sunbelt areas, including Texas, Arizona, New Mexico, and Florida.

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