Solar company Arise Technologies Corporation (TSX: APV; A3T.F) announced a joint venture (JV) with Sky Solar (Canada) Ltd. to provide engineering, procurement and contracting (EPC) services for solar projects under the Ontario Feed-In Tariff program.
Under the terms of the agreement, Sky Solar will provide operating funding to the JV. EPC staff from Arise’s Systems Division will become employees of the JV and join with the Sky Solar engineers to deliver EPC services to customers in Ontario, where demand for solar power generation projects has risen steadily since the government’s launch of the progressive FIT program.
Sky Solar is headquartered in Toronto, Ontario. Arise and Sky Solar will continue to serve their own customers in the Canadian marketplace but will also work as a team with all customers to ensure that project needs are met.
Sky Solar (Canada) Ltd is a wholly owned subsidiary of Sky Solar Holding Company, which is a multi-national enterprise specializing in the solar photovoltaic (PV) market. It is actively engaged in the following areas: project finance and investment; engineering, design and construction; and operations management.
Arise Technologies Corporation, based in Waterloo, Ontario, operates through three divisions. The PV Cell Division manufactures photovoltaic cells at its first manufacturing plant opened in April 2008 in Bischofswerda, Germany. The PV Silicon Division is using a proprietary method to produce silicon at 7N+ high-purity (99.99999% purity) for PV cell applications, based on a chemical vapor deposition process. The PV Systems Division has been providing rooftop and ground-mounted PV solutions since 1996.
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