Solar Energy Initiatives will supply the solar equipment and balance of system. In addition, the company will also generate revenue via the sale of the newly generated solar energy to the municipality under its Feed-In-Tariff programme, over a 20-year contract period. Solar Energy Initiatives will partner with a funding source and a solar installation company to install the solar system.

David Fann, CEO of Solar Energy Initiatives, said: “This most recent contract award is proof that our model, of providing cost effective energy solutions that allow for long term savings, is a highly desired service offering to the municipal market. Our ability to provide a complete solution including financing gives us the competitive edge needed to complete these projects.

“Our entire management team is focused on converting additional projects from our $100m pipeline to maximize both revenue and bottom-line earnings. Management is focused on leveraging our finished projects to increase awareness for municipal energy projects located around North America.”