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

Solar Careers
Latest Top Stories

Report Benchmarks U.S. Electric Utility Clean Energy Deployment

As the U.S. Environmental Protection Agency prepares for its listening sessions on its Clean Power Plan for existing power plants next week, a new report ranks the cleantech performance of nation’s largest electric utilities.


Solar Sector Fears WTO Ruling Against Tariffs Won't Save The U.S. From Itself

Although the WTO says U.S. anti-dumping tariffs levied on Chinese PV manufacturers are improper, few expect the ruling to prevent a rise in module prices.


Xcel Energy Offers Solar*Rewards 'Bridge' For Colorado Solar Installations

As an incentive for the continued development of customer-sited solar, Public Service Co. of Colorado has agreed to advance capacity for its popular Solar*Rewards program.


Flexible Sources Key To Integrating Solar PV Into Utility Operations

A report from three U.S. Department of Energy labs proposes a framework for integrating various amounts of PV into the grid.


PV Industry Leaders See A 'Second Gold Rush' Coming In The Solar Sector

A panel of solar sector executives from across the PV supply chain at Intersolar North America says the widespread adoption of distributed generation energy sources is inevitable.

S&C Electric_id1352
Lufft_id
SnakeTray_id1373
WIP_id1320
PVcobra_id1394