Atlantic Wind & Solar Inc. has entered into an agreement to develop and construct two solar photovoltaic rooftop projects with a total output power capacity of approximately 400 kW.
Under the agreement, Atlantic Wind & Solar will finance, build, own, operate and maintain the solar energy systems, which will be hosted on the roofs of the commercial buildings. 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 rooftop PV systems will both be located in the Greater Toronto area. Construction is expected to commence following final FIT contract approval.
SOURCE: Atlantic Wind & Solar