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GLOBAL RENEWABLES ONLINE - DECEMBER 2011
POTENTIA SOLAR AND OZZ
SOLAR TO CO-DEVELOP 30 MW OF
ROOFTOP SOLAR POWER IN
ONTARIO
TORONTO, Nov. 17, 2011 /CNW/ -
OZZ Solar and Potentia Solar Inc.,
today announced they have entered
into an agreement to co-develop and
co-own 30 megawatts of new solar
power generation capacity in Ontario.
Under the agreement, OZZ Solar and
Potentia Solar will design, finance and
construct rooftop solar generation
facilities ranging from 50 to 500
kilowatts on more than 200 rooftops
across the province, with roughly one-
third in the Ottawa region and the
balance largely in the GTA. The
projects will be constructed on
commercial, industrial and institu-
tional buildings, including schools,
and are expected to be completed over
the next two years. When completed,
enough electricity will be generated to
meet the annual needs of approximate-
ly 3,300 homes with clean, emission-
free power. Development of the 30
megawatts of solar power assets will
create approximately 750 skilled
manufacturing, engineering, construc-
tion and maintenance jobs, and result
in approximately $150 million of new
investment.
“We are excited to be partnering
with Potentia to deliver more clean
energy to Ontarians,” said Marco
Pisterzi, President of OZZ Solar. “Like
ourselves, Potentia is investing in the
province to create a better environment
and more jobs, and I look forward to
building our leadership positions
together.”
Chris Asimakis, President & COO of
Potentia said, “The agreement with
OZZ is an important step for us in
fulfilling our objective of becoming a
leading independent solar power
producer. We look forward to working
with OZZ Solar to implement these
projects.”
ABOUT OZZ SOLAR
OZZ Solar, a wholly-owned subsid-
iary of OZZ Clean Energy Inc. (www.
ozzcleanenergy.com) has the regulato-
ry expertise, technical experience and
access to over 400 installation person-
nel
to
install, service and maintain rooftop
solar projects, backed by 24/7/365
service support. OZZ Solar is currently
developing projects for customers and
property owners including Longo’s,
Morguard and many others. OZZ Clean
Energy is diversified provider of low
and no-carbon energy solutions for
customers ranging from residential
homeowners to large industrial and
commercial enterprises throughout
North America. OZZ Clean Energy’s
Gas
&
Power
division
offers
competitively priced natural gas and
electricity to commercial, industrial
and institutional customers. OZZ Clean
Energy is headquartered in Concord,
Ontario.
ABOUT POTENTIA SOLAR INC. -
Potentia Solar is an Independent
Power Producer in Ontario, generating
electricity through its own 100% solar-
powered energy systems. Potentia
Solar is supported by respected and
well capitalized Canadian companies,
including Victoria Square Ventures, a
wholly owned subsidiary of Power
Corporation of Canada, Conundrum
Capital Group and MKB Solar Rooftops
Inc., an affiliate of MacKinnon,
Bennett & Company Inc.
NAUTILUS SOLAR COMPLETES
1.25 MW OF PROJECTS UNDER
THE OPA’S FEED-IN-TARIFF
SUMMIT, N.J., Nov. 7, 2011 /CNW/
-- Nautilus Solar Energy, LLC
(“Nautilus Solar”) announced the com-
mercial operation of three rooftop solar
PV systems in Ontario, Canada with
an installed capacity totaling 1.25MW.
The projects are owned by Nautilus
Solar Canada Limited Partnership, an
affiliate of Nautilus Solar and are
supported by the Ontario Power
Authority’s (“OPA”) Feed-in-Tariff
(“FIT”) program. Under this program,
the OPA purchases the solar electricity
produced for a fixed rate over a 20 year
term. By producing over 1.5 million
kWh of solar energy annually, the
projects will offset approximately 1,000
tons of CO2 or the equivalent emissions
from the electricity use of 128 homes.
The projects were installed by
Advanced Green Technologies, Inc.
Nautilus Solar is leasing the rooftop
space from E&E McLaughlin LTD
Warehousing.
“These projects represent the first of
many in our Ontario rooftop program,”
remarked Nautilus Solar’s CEO James
M. Rice. “Ontario has shown great
leadership by implementing the FIT
program. We at Nautilus Solar are
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