ECD & MP2 To Develop Rooftop Solar PV Projects in Ontario

Energy Conversion Devices Inc. (ECD) and MP2 Capital LLC announced plans to collaborate on the development of a portfolio of rooftop solar installations in Ontario, Canada. ECD and MP2 will partner with Rumble Energy, an Ontario-based renewable energy developer, to install a series of rooftop solar projects throughout Ontario, Canada under the province’s new feed-in-tariff program.

By partnering with other Ontario-based suppliers and contractors, the projects are expected meet the local content requirements set forth by the Ontario Power Authority. The companies expect to complete construction of approximately 10 megawatts (MW) of projects by October 2010. 

ECD, through its wholly owned subsidiary, United Solar Ovonic, will provide UNI-SOLAR photovoltaic laminates for the projects. MP2 Capital will lead the financing and development efforts for the projects.

“We are pleased to partner with ECD on this exciting development effort. The feed-in-tariff structure in Ontario promotes this distributed generation rooftop model, and UNI-SOLAR laminates are ideal for solar rooftop installations,” said Mark Lerdal, MP2 Capital’s CEO.

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