Energy Conversion to co-develop solar project
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.
Related News
Energy Vault Lands $110M From SoftBank’s Vision Fund for Gravity Storage
BERN - Energy Vault, the Swiss-U.S. startup that says it can store and discharge electrical energy through a super-sized concrete-and-steel version of a child’s erector set, has landed a $110 million investment from Japan’s SoftBank Vision Fund to take its technology to commercial scale.
Energy Vault, a spinout of Pasadena-based incubator Idealab and co-founded by Idealab CEO and billionaire investor Bill Gross, unstealthed in November with its novel approach to using gravity to store energy.
Simply put, Energy Vault plans to build storage plants — dubbed “Evies” — consisting of a 35-story crane with six arms, surrounded by a tower consisting of…
