in News Departments > Projects & Contracts
print the content item

comments: 0

Algonquin Power & Utilities Corp. (APUC) says that Algonquin Power Co. (APCo), its power generation subsidiary, has entered into a share purchase agreement with EffiSolar Energy Corp. to acquire all of the issued and outstanding shares of Cornwall Solar Inc., based upon achievement of specific milestones and subject to approval by the Ontario Power Authority.

Cornwall Solar owns the rights to develop a 10 MW solar project located near Cornwall, Ontario. Furthermore, APCo has acquired an option to acquire 10 additional Ontario-based solar projects. Projects in this pipeline have submitted feed-in-tariff (FIT) applications for an additional 100 MW.

The Cornwall project, a ground-mounted PV array, has been granted an Ontario FIT contract by the Ontario Power Authority with a 20-year term and a rate of C$443/MWh, resulting in expected initial annual revenues of approximately C$6.2 million, according to APUC.



Hybrid Energy Innovations 2015

Surrette_id1409
Latest Top Stories

After Massachusetts' 'Godfather Of Solar' Exits, Will The New Gov. Step Up?

Bay State solar developers and suppliers look back on the legacy of Gov. Deval Patrick while awaiting Massachusetts’ incoming chief executive.


Do PV Customers Benefit From Incentive Programs In California?

Government incentives, such as the California Solar Initiative, have been instrumental in the growth of the photovoltaic industry over the past decade. Researchers have studied the degree to which these incentives have been passed on to PV customers.


Volatility Creeping Into Mass. Solar Sector Shakes Up Larger Developers

Players in the so-called "managed growth" sector of the commonwealth - 6 MW and larger - are concerned that the field keeps shifting under their feet.


New UL Energy Storage Standard Aims For Better, Safer Renewable Power

As the Talking Heads said, "Things fall apart. It's scientific." UL is turning its scientific study of how and why things fail to produce a testing and certification regime for building better renewable energy grids.


What To Look For - And Look Out For - In Selecting Solar Development Sites

Land acquisition needed for project development is equal parts art and science - with a pinch of luck thrown in for good measure.

Heilind_id1430
CanSolIndus_id1429
GoIndustry (UK) Limited_id1446
PVcobra_id1394
Ingeteam_id1433