7 July '10
8:46 AM UTC
No Comments

Exclusive: SunEdison Closes $60M Financing For Two Ontario Solar Projects

We’ve learned that last week solar power plant developer SunEdison closed a $60 million, long-term  financing supporting the construction of two photovoltaic power plants in Ontario. Read More »

11 April '10
10:25 AM UTC
1 Comment

This Week In Green Energy: Ontario Green

Week of April 5 – to – April 9, 2010

Ontario is reaping the benefits of its innovative cleantech regulation.

This week, Ontario issued some $8 billion as part of the province’s year-old feed-in tariff program. Ontario, Canada’s most populous province, has pioneered the use of cleantech as a catalyst to create a “green collar economy.” Besides the feed-in tariff program, the province has also implemented the Renewable Energy Standard Offer Program (RESOP), which backs renewable energy projects with long-term power purchase agreements with the Ontario Power Authority. These days, a bulk of the North American renewable energy projects securing financing is backed by RESOP power purchase contracts.

Back to the feed-in tariffs, in this latest round, the Ontario Power Authority announced 184 long-term power purchase contracts with wind, solar, hydro and landfill gas projects. Combined, these will generate about 2,500 megawatts of green power. Ontario claims its feed-in tariff has helped attract 694 green-energy projects since 2007, writes Techpulse360.

Read More »

11 January '10
8:16 AM UTC
No Comments

Exclusive: Starwood Energy to Add Another 40 MW to Canadian Solar Portfolio

Starwood Energy Infrastructure Fund, a dedicated energy fund managed by private equity firm Starwood Energy Group, is planning to significantly expand its solar photovoltaic generation portfolio north of the border, in Ontario.  Last week, the fund officially closed financing on two PV solar power plants that combined will generate 20 megawatts of electricity and cost C$100 million ($96.6 million) to develop.

It turns out that’s just a start for Starwood. Read More »

5 October '09
6:45 AM UTC
No Comments

Details emerge on Enbridge Purchase of Ontario Solar Farm

Enbridge, a Canadian pipeline operator, is set to pay First Solar some C$100 million ($93.14 million) for a 20 megawatt, Ontario-based PV solar farm, an industry source tells us.

In the press release announcing the sale, Calgary-based Enbridge says it plans to invest about C$100 million in solar energy for 2009, which only has three months left. The source tells GER that the “amount quoted in the release is a good guidance on how much the company will pay for the project.”

The solar farm, located in Sarnia, Ont., is 65 percent complete and will sell its output as part of a 20 year power purchase agreement with the Ontario Power Authority once it goes live at the end of the year. Read More »