JCM Capital has signed an agreement with Hay Solar Holdings ULC to provide development, construction and long-term equity financing for a 30MW portfolio in Ontario, Canada. The portfolio will be comprised of a series of 100kW solar installations at farms across the province.
“This agreement allows JCM to work with Hay Solar to enhance the productivity and efficiency of the Ontario agriculture sector by providing over 300 farmers across our province with access to high quality farm buildings in addition to an integrated solar system feeding clean energy to the grid,” JCM CEO Christian Wray said. “It is a highly modular system which can be replicated and scaled up easily.”
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“The Hay Solar Partnership Program will provide significant economic benefits to numerous sectors of the Ontario economy supplying materials and services to our planned aggressive farm building construction and solar installation program. We look forward to working with JCM, the Ontario Power Authority and our Hay Solar customers to bring the Hay Solar concept to commercial reality,” Hay Solar’s president, Paul Evans, added.
The contract with Hay Solar brings the total size of JCM’s portfolio to 155MW, which incorporates a number of, predominantly small-scale rooftop, installations throughout Ontario.