The Canadian province’s first pilot solar park will be built by local hydropower producer and utility Hydro-Quebec. The region is also preparing to support solar distributed generation through net metering.
The Canadian developer will build 15 ground-mounted solar plants in Peterborough. The projects are owned by the local utility and the town’s government.
The Canadian renewable energy company has taken full control of the joint venture that acquired the solar unit of Carmanah Technologies Inc. in April. Furthermore, the company has secured a contract to build a 17 MW ground-mounted solar plant near Calgary.
Renewable energy power generators installed under the scheme will sell power surplus to local utilities Labrador Hydro and Newfoundland Power starting from July 2017.
Net income hit $3.3 million in the 12 months to the end of December, from a net loss of $1.6 million a year earlier, although the Hong Kong-based PV independent power producer recorded a net loss of $8.7 million in the fourth quarter, from $7.4 million in the final three months of 2015.
Global issuance soared 60% year on year to $113 billion in 2016, with Chinese and Indian banks playing a critical role in driving growth by issuing debt securities to back the development of PV projects and other climate-related initiatives, Fitch Ratings said in a recent report. The total value of outstanding green bonds had reached $280 billion by the end of March 2017.
The Canadian provider of energy efficiency and technology solutions has signed a letter of intent to acquire a number of solar power generation sites across Ontario.
Quebec’s investment fund has agreed to provide Ontario-based rooftop solar specialist with CA$ 107 million ($78.0 million) in debt financing.
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