SkyPower and Conergy form international JV

SkyPower Ltd (Toronto) and Conergy Inc. (Canada) have formed a landmarkinternational joint venture, which brings forth a powerful portfolio ofglobal expertise to the Canadian marketplace to deploy solar energysolutions on commercial rooftops in Canada.

The two companiesplan to lease space from or partner with real estate companies, big boxretailers, property owners and Governments to design, finance, build,own and operate rooftop solar systems

"The intention of thispartnership is to bring the best technical solutions possible tobuilding owners so they can enjoy the benefits of clean, renewableenergy with confidence," said Conergy Canada’s Managing Director JaredDonald. "We are bringing a track record of experience and qualityengineering to Canada’s burgeoning marketplace to optimize Ontario’sinvestment in this important energy realm — and to help the governmentmeet its target of 100,000 solar rooftops across the province," saidDonald.

The joint venture also aims to save building owners time, effort and money by procuring solar (PV) panels compliant with the newdomestic content requirements set out by Ontario’s Feed-in Tariff (FIT). The Conergy-SkyPower team is currently in active negotiations with many of the world’s leading manufacturers of solar panels to make thishappen.

Conergy and SkyPower combine successful industry trackrecords, innovative talents, deep and broad industry experience withentrepreneurial strengths to assure building owners that you can have asolar installation while respecting the integrity of rooftop propertieswhile optimizing the investment opportunities of leased rooftop space.

SkyPower brings expertise in project development, planning, contracting,procurement, finance and strong relationships with federal andprovincial governments, municipalities, universities and commercialrooftop owners and property management companies.

Conergy’sglobal manufacturing, engineering and project execution experienceensures that the partnership provides a technical solution perfectlytailored to the Ontario markets the joint venture will serve. Conergy’sextensive dealer network allows the partnership to install projects inall areas of Ontario using only experienced, qualified businesses.

"It is reassuring to see companies such as SkyPower and Conergy workingwith the Green Energy Act and the FIT program to continue developingrenewable energy projects across the province," said Dave Levac,Parliamentary Assistant to the Minister of Energy. "Working together, we will achieve our objectives to build a cleaner and brighter future forOntario."

"Since first hearing Premier McGuinty’s vision for100,000 solar rooftops installed on Ontario structures, we have spent atremendous amount of time studying the market, looking at how toeffectively meet requirements and optimize lease revenue for propertyowners," said Kerry Adler, President and CEO of SkyPower.

"Ournew partnership is the most formidable solar joint venture in Canada inthat it has the best business formula to help commercial real estateowners, big box retailers and the Ontario Government realize thisexciting vision. We look forward to the opportunity to provide clean,renewable commercial rooftop energy projects and to solarizing OntarioRooftops while becoming a significant participant in the marketplace."

SkyPower has a successful track record in joint venture projects in Canada suchas First Light, Canada’s first-ever and award winning solar energy park, located in Stone Mills, Ontario. First Light has deployed 126,000 solar panels spread across 90 acres of land to produce clean, renewableenergy for local distribution to meet Canadian interests.

SkyPower recently announced the start of construction for two more utility-scale solar projects. The two projects currently under construction whencomplete in Fall 2010, will produce enough electricity to power 33,000homes in Norfolk County, Ontario.

Construction is scheduled tobegin on SkyPower’s fourth third utility-scale project in Chatham-Kent,Ontario in early June 2010 and once complete will cut over 250 thousandmetric tons of CO2 emissions from the environment. Combined, by end of2010 SkyPower anticipates it will have over 50MW of installed solarprojects in the Province of Ontario.

Conergy works closely withreputable distributors like RESCo Energy to produce efficient, leadingedge projects like LoyaltyOne’s 163 kW rooftop solution in Mississauga,Ontario. Featuring 796 solar modules producing clean, renewable energyfor its owners, it’s the largest utility-connected rooftop solarinstallation in Canada.

Conergy brings the expertise associatedwith 1.25 Gigawatts of successful renewable energy projects worldwide to assist the Canadian marketplace in optimizing the return on its solarenergy investments.