SunEdison will finance, build, own, operate, monitor and maintain solar PV systems with generating capacity totaling 1.5MW. They will be hosted at CanFirst Capital Management facilities, and the Ontario Power Authority (OPA) will purchase the energy produced under the terms of Ontario’s Feed-in Tariff program.
CanFirst Capital Management will receive lease revenue for roof-top space allocated to the projects, without any upfront capital equipment costs.
Construction of the seven roof-top PV systems will begin this fall, with the majority of installations to be completed by spring 2011. The CanFirst Capital Management solar projects will be located in the Greater Toronto Area including Burlington, Markham, Mississauga, Richmond Hill, Oakville and Toronto.
