SunEdison has signed on to finance, build, own, operate, monitor and maintain a total capacity of 1.5MW of PV solar energy systems, which will be hosted on the CanFirst Capital Management facilities. The Ontario Power Authority has agreed to purchase the energy produced under the terms of Ontario’s FIT program. CanFirst will benefit with lease revenue for the roof-top space they loan to SunEdison without any upfront capital equipment costs.
“We are committed to supporting responsible energy initiatives for Ontario. Building sustainability is an important aspect of our operations. We see this as an excellent opportunity to increase the value of properties for our clients,” said Paul Braun, managing director at CanFirst Capital Management. “SunEdison was our first choice in solar rooftop providers because of their proven record of successful installations and their in-depth understanding of the complexities involved in solar projects.”
Seven roof-top PV systems, all located in the greater Toronto area, will be installed for the project, with construction expected to begin this fall. Completion is slated for sometime next spring.