Joint venture partners SkyPower Corp., a Lehman Brothers Company (NYSE: LEH), and SunEdison Canada announced the official groundbreaking of First Light, which they say will be North America’s largest solar photovoltaic energy park to date, located on approximately 300 acres of land in Lennox & Addington County, Ontario.
Construction of the 19-megawatt (MW) solar park is anticipated to be completed by the end of 2009. Renewable energy from the plant will be sufficient to power more than 2,000 homes annually.
First Light will be built in two phases. The power generated from the project will be distributed through the Hydro One utility to customers in the Township of Stone Mills for 20 years.
"The province commends SkyPower and SunEdison Canada for breaking ground on this very significant project," said Ontario Minister of Energy Gerry Phillips. "In just over one year, the Renewable Energy Standard Offer Program has already exceeded its 10-year target of garnering 1,000 megawatts of contracted generation. We look forward to the program yielding success stories for years to come."
About SunEdison
Sun Edison LLC is North America’s largest solar energy servicesprovider and operates across a global marketplace. SunEdison providessolar-generated energy at or below current retail utility rates to a broadand diverse client base of commercial, municipal and utility customers. Formore information about SunEdison, visit http://www.sunedison.com.
About SkyPower
SkyPower Corp., a Lehman Brothers Company, is one of Canada’s leadingindependent renewable energy developers with interests in over 100 wind andsolar projects at various stages of development across 12 provinces/states,representing more than 8,000 MW of potential capacity. SkyPower also haswind energy under development in India and Hydro projects under developmentin Panama.
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