SunEdison To Develop 1.5 MW of Solar PV in Ontario

The solar-services provider SunEdison said it will develop 1.5 MW of projects in Toronto, Ontario for a large private real estate company, CanFirst Capital Management.

SunEdison will finance, build, own, operate, monitor and maintain the PV systems, located at CanFirst Capital Management facilities. The Ontario Power Authority (OPA) will purchase the energy produced under the terms of Ontario’s Feed-in Tariff (FIT), an incentive program that has caused a solar boom in the province. CanFirst Capital Management will receive lease revenue for roof-top space allocated to the projects, without any upfront capital equipment costs.

Construction of the seven roof-top PV systems will begin this fall, with the majority of installations completed by spring 2011. Over 20 years, the systems will generate sufficient energy to avoid emitting 6.2 million kilograms of CO2 into the atmosphere. The CanFirst Capital Management solar projects will be located in the Greater Toronto Area including Burlington, Markham, Mississauga, Richmond Hill, Oakville and Toronto.