Energy Conversion to co-develop solar project
ONTARIO - U.S. solar power company Energy Conversion Devices said it will partner with Enfinity Corp to develop a 10 megawatt portfolio of rooftop solar installations in Ontario, Canada, under the province's new feed-in-tariff program.
Ontario launched North America's most comprehensive and generous set of feed-in tariffs in October, which guarantee sellers of electricity produced from the sun, wind, water and biomass fixed, above-market prices for 20 years.
Energy Conversion said Enfinity will lead the rooftop acquisition and will arrange construction debt and take-out equity financing for the projects.
The projects portfolio will be sold to the permanent equity owners on completion, the companies said in a joint statement.
Several firms have recently said they are considering production in the country, including South Korea's Samsung Group.
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