Ameresco Canada Inc. has signed a 20-year solar-energy partnership with London District Catholic School Board (LDCSB) in Ontario and Structural Tech Corp. of the Aamjiwnaang First Nation.
Under the terms of the deal, Ameresco will install a total of 1 MW of rooftop photovoltaic panels at 13 schools. The installation of these panels is expected to begin in the summer and should be complete in early 2016. An annual lease payment will be made to LDCSB for 20 years, providing a revenue stream to the board.
The Ontario Ministry of Energy's 2009 Green Energy Act grants the Independent Electricity System Operator (IESO) the ability to implement green and renewable energy technologies through the feed-in tariff (FIT) program. The IESO approved Ameresco Canada's bid to participate in the FIT 3 program because it had support from the municipality, partnership with the LDCSB as host for the projects and a 51% ownership partnership with a First Nations community.
