Kruger Energy and Helios Energy have formed the joint venture, KH Solar Limited Partnership, designed to develop large-scale rooftop solar energy systems in North America. The new partnership will focus on developing and transferring ownership of systems to Kruger Energy, which will operate the systems pursuant to long-term leases with building owners.
“KH Solar is unique in Canada's emerging solar industry, thanks to its Canadian ownership, depth of renewable and solar energy expertise and underlying financial strength,” said Winston Bennett, VP of Helios Energy. “Most importantly, KH Solar will be a solar energy developer in which commercial and industrial real estate owners can take great confidence over the long-term.”
“Adding solar energy to our wide renewable energy business portfolio is a natural step for Kruger Energy,” said Jean Roy, VP and general manager of Kruger Energy. “With over 420MW of installed capacity, Kruger has the established track record and financial depth to successfully expand into this exciting new market. We are pleased to partner with Helios Energy to leverage their development expertise and the reputation they have built in the Canadian solar energy market since 2006.”
The systems will be installed on commercial and industrial rooftops using a ballasted mounting technology which does not penetrate the building roof membrane. The partnership may also develop rooftop solar energy systems for building owners interested in system ownership.