SunEdison, a division of MEMC Electronic Materials Inc., will develop and build industrial and retail roof-top solar photovoltaic projects for CanFirst Capital Management, a private real estate company based in Toronto, Ontario. Under the terms of this agreement, SunEdison will finance, build, own, operate, monitor and maintain photovoltaic solar energy systems with capacity totaling 1.5 MW.
The projects will be hosted at CanFirst Capital Management facilities, and the Ontario Power Authority will purchase the energy produced under the terms of Ontario's feed-in-tariff program. CanFirst Capital Management will receive lease revenue for rooftop space allocated to the projects, without any upfront capital equipment costs.
SOURCE: SunEdison
