Under the agreement, SunEdison will finance, build, own, operate, monitor and maintain photovoltaic solar energy systems hosted at Remington facilities, and the Ontario Power Authority will purchase the energy produced under the terms of Ontario’s Feed-in Tariff Program.
The roof-top PV systems will all be located in the Greater Toronto area, and will be launched using a phased rollout plan starting in the summer of 2010. Over 20 years, the systems will generate sufficient energy to avoid the emission of approximately 42,000 tonnes of CO2 into the atmosphere, the company said.
Christopher Bratty, president of Remington, said: “We chose SunEdison based on their track record of successful solar PV system installations. They have tailored a solar program for Remington that will drive revenue from rooftop space that would otherwise be unused. It’s a win-win for everyone.”
Jason Gray, Canada country manager of SunEdison, said: “We are excited to have been selected by Remington. I’m pleased to see the momentum building in Ontario for clean, financially-rewarding solar energy. And, with respected companies like the Remington Group leading the way, others are sure to follow.”
