UGE Secures Contract To Design, Develop Solar Project In Ontario

Posted by Joseph Bebon on July 15, 2016 No Comments
Categories : Projects & Contracts

UGE International Ltd., a global provider of distributed renewable energy solutions, says it has signed a contract to design and develop a 300 kW solar project near Kaladar, Ontario.

According to UGE, the grid-connected project will derive revenue through Ontario’s feed-in tariff (FIT) 3 program and builds upon the relationship between UGE, Soventix Canada (SCI), and TREC SolarShare Cooperative (No. 1) Inc., Canada’s largest nonprofit solar power community ownership cooperative, which will finance all construction activities and purchase the commissioned energy-generating facility shortly after commercial operation.

In partnership with SCI, UGE’s wholly owned subsidiary Endura Energy Project Corp. will perform the joint project development activities and will be responsible for all turnkey engineering, procurement and construction functions.

“On the heels of several successful partnerships with UGE and Soventix in Ontario, we are thrilled to announce the addition of the Kaladar site to our portfolio of projects,” states Mike Brigham, SolarShare’s president. “By focusing on community solar, we offer individuals the opportunity to financially benefit from our projects while advancing clean and safe solar energy.”

UGE says this ground-mounted facility, as well as the other SolarShare projects announced May 2, will utilize an advanced dual-axis solar tracking technology platform from Morgan Solar, which features self-ballasting technology and drop-in-place frames for modular building blocks.

“With steadily decreasing feed-in tariffs under Ontario’s FIT program, developers must use creative means to enhance revenue yields and increase project returns,” says Cameron Steinman, chief strategy officer at UGE. “Morgan’s dual-axis technology boosts the energy production at an affordable cost per kilowatt-hour while at the same time mitigating much of the geotechnical risk that traditional ground-mounted projects experience.”

According to UGE, the Kaladar project is expected to generate nearly C$1 million of revenue, and construction is anticipated to begin this fall.

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