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.



SolarEnergyTradeShow_id1384

Surrette_id1409
Latest Top Stories

Hawaiian Electric's Solar Plans Put New Focus On DG Interconnection

Hawaiian Electric Co.'s proposed energy plan includes ambitious goals for solar integration that address grid integrity issues. Installers, however, find little to cheer in the short run.


N.Y. Property Tax Exemption For Renewables Bill Ready For Signature

In a move that is expected to boost renewable energy in the state, the New York legislature has sent Gov. Andrew Cuomo a bill that would extend property tax exemptions for certain solar, wind and biomass projects to Jan. 1, 2025.


Are Solar Shingles Coming To A Rooftop Near You?

Despite the initial hype, the new technology has been slow to make inroads against conventional rooftop solar.


Solar Cell Production Line Upgrades Driving Higher PV Performance

Manufacturers of multicrystalline solar cells are seeking to improve performance by implementing new technologies on existing lines.


Own Or Lease? Think Of Rooftop Solar As A Car That Makes Money

While upfront cost is often the first issue on the prospective solar customer's mind, it should not be the only one.

SilcoTek
S&C Electric_id1352
Lufft_id1410
WIP_id1320
PVcobra_id1394