By .(JavaScript must be enabled to view this email address) - 24 February 2012, 20:35
In News, Power Generation, Finance

Main Street Power closes financing for 9MW of Toronto-based solar roof projects

The credit facility totals CAN$35.4 million, which will finance the purchase of the completed projects from affiliates of MOM Solar.

Financing was recently closed for 9MW of solar rooftop projects for the Toronto area by MOM Solar, a limited partnership owned by Main Street Power and MS Solar Solutions with universal bank NORD/LB. The projects are located on large retail stores and have 20-year contracts with Ontario Power Authority. The credit facility is for CAN$35.4 million, which will finance the purchase of the completed projects from affiliates of MOM Solar.

"This closing for an aggregated distributed generation portfolio is an exciting story for the solar industry and is a testament to the dedication of our partners," said Amory Host, CEO of Main Street Power. "These projects provide a great combination of economic benefits to the rooftop owners, as well as local jobs for Toronto-based workers and environmental benefits for the Province of Ontario," Host added.

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Photovoltaics International 19th Edition

For manufacturers who had their heads in the bunker during 2012, fighting falling ASPs and eroding margins, the nineteenth edition brings you details of what lies in store for this coming year. Wright Williams & Kelly return in this issue with their popular analysis of payback on technology buys; crucially they analyze n-type wafers, Al2O3 passivation and copper metallization. SERIS shows us how to achieve 18.7% efficiencies using low-cost etching techniques on diffused wafers. We also have two important technology roundups: CIGS from Helmholtz Berlin, and PV module encapsulation techniques from Fraunhofer ISE.

Manufacturing The Solar Future: The 2013 Production Annual

In the ever-changing global solar markets, cost reduction and measures to increase cell efficiencies are the key tools available to PV manufacturers to create new opportunities and drive your business to the next level. Manufacturing the Solar Future 2013 is the third in the Photovoltaics International PV Production Annual series, delivering the next instalment of in-depth technical manufacturing information on PV production processes designed to help you gain the competitive edge.

Main Street Power closes financing for 9MW of Toronto-based solar roof projects

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