Under the agreement signed by SunEdison and LaSalle Investment Management, SunEdison will finance, build, own, operate, monitor and maintain eight PV solar energy systems, which total a capacity of 2.1MW. The roof-top installations will be located on LaSalle facilities with the Ontario Power Authority purchasing the energy under the Ontario Feed-In Tariff program.
“The solar PV projects in Ontario represent an important step in meeting our goals,” said Sam Barbieri, VP, Asset Management at LaSalle. “We are dedicated to helping establish responsible energy policy around the world, and doing all we can in our own operations to use resources wisely. We envision that this model for solar deployment can be successfully replicated in many other markets as well.”
The PV systems will start this summer with most of the installations completed by the end of this year. A majority of the roof-top projects will be in the greater Toronto area including Burlington, Toronto, Woodbridge, Lindsay and Kanata.