The fund will focus on solar projects installed on large commercial and industrial buildings across Ontario, and utilize Ontario’s Feed-in-Tariff program with solar power purchase agreements (PPA) from the Ontario Power Authority.
JCM Capital managing director Christian Wray said that this alliance will bring much needed capital and experience to the Ontario solar market, which has more projects than funding at present.
In addition to new projects, the fund seeks to identify projects that will start construction in 2011.
Solar Power develops, owns and operates distributed solar energy facilities and sells solar electricity through solar power purchase agreements.
JCM Capital is a financial advisory company that focuses on financing solar energy projects in Ontario, Canada.
