Atlantic Wind & Solar Inc. has entered into an agreement with an Ontario commercial real estate developer that will allow it to develop and construct four more solar rooftop projects.
The projects will generate a combined nameplate power capacity of approximately 492 kW. Under the agreement, Atlantic Wind & Solar will finance, build, own, operate and maintain the solar energy systems hosted on the roofs of the commercial buildings, and the electrical power generated from the systems will be sold directly into the grid to the Ontario Power Authority for C$0.713/kWh for a total of 20 years, under the terms and conditions of the Ontario government's feed-in-tariff (FIT) program.
The aforementioned rooftop PV systems will all be located in the Greater Toronto area. Construction is expected to commence following FIT contract application approval.
SOURCE: Atlantic Wind & Solar Inc.