Carmanah Awarded $5 Million Solar PV Contract by Northland Power for National Retailer and Distributor
News Release
Carmanah Technologies Inc.
February 4, 2011
Carmanah Awarded $5 Million Solar PV Contract by Northland Power for
National Retailer and Distributor
VICTORIA, BRITISH COLUMBIA, CANADA (February 3, 2011) - Carmanah
Technologies Corp. (TSX: CMH) has been awarded four contracts with a
combined value in excess of $5 million (CAD) by Northland Power Inc. to
design, supply and install two 500 kW, a 250 kW and a 10 kW solar
photovoltaic (PV) rooftop system for a national retailer and
distributor. Northland Power, one of Canada’s largest independent power
producers, selected Carmanah as their engineering, procurement and
construction (EPC) contractor based on the Canadian company’s history of
successful turn-key solar PV grid-tie installations.
“When Northland Power approached us last year about the prospect of
partnering with them for a series of rooftop solar projects, we were
thrilled.” Comments Ted Lattimore, CEO, Carmanah. “Northland has a
powerful reputation in the Canadian alternative energy industry. Both
companies benefit from the advantage of experience and scale in the
Canadian grid-tie market.”
Since 1989 Northland has been developing and operating renewable energy
generation projects predominantly in Ontario, Quebec and Saskatchewan.
Headquartered in Toronto, the company’s facilities have an installed
capacity of over 870 megawatts. Also headquartered in Toronto, Ontario,
Carmanah’s Grid-Tie division has designed and constructed more than 50
rooftop solar PV installations to date, making Carmanah Canada’s most
experienced solar EPC contractor in the commercial rooftop market. “We
recognize Carmanah’s experience and reputation in the design and
installation of rooftop PV systems, and we are pleased to partner with
Carmanah on these projects,” said John Brace, CEO for Northland Power.
The Ontario Power Authority (OPA) Feed-In Tariff or ‘FIT’ program allows
most owners of an electrical service connection, including residents,
businesses and government to install a renewable energy generating
facility on their land or property for the purposes of selling the
electricity to the OPA through their local distribution company. While
the program offers ‘a reasonable return on investment’ for the owner of
the generating facility the real winners are the residents of Ontario.
One of the focal points of the program and its parent the Green Energy
Act is to stimulate job creation by mandating provincial content in each
of the primary project attributes including manufacturing of renewable
energy technologies, construction labour and consulting services.
Lattimore says that the Company’s established credibility in the
Canadian solar grid-tie market has marked Carmanah as a prime contender
for Ontario FIT project inclusion, “The new OPA FIT program presents a
great opportunity for renewable energy companies. Carmanah’s
long-standing history of successful solar installations across Canada
and full-service design-build capabilities position us well to support
FIT projects of any scale.”
About Northland Power
Northland is a Canadian income trust that has ownership or economic
interests in 10 power projects totaling over 1,100 MW (net 872
MW).Northland’s assets comprise natural-gas-firedplants which
efficiently and cleanly produce electricity and steam as well as
facilities generating renewable energy from wind and biomass. Sales are
made almost entirely under long-term contracts with a current weighted
average duration of 13 years. Northland’s plants are located in Canada,
the United States and Germany. In addition, Northland has the 86 MW Spy
Hill project, 260 MW North Battleford project and 100 MW Mont Louis wind
farm in construction, and 216 MW of wind, solar and run-of-river hydro
projects awarded under the Ontario Power Authority’s feed-in-tariff
program in advanced stages of development. Northland also has a diverse
development portfolio of high-quality ‘Clean and Green’ energy projects,
including wind, solar, natural gas, and hydro assets that supports its
strategy of sustainable growth primarily through internally developed
opportunities.
About Carmanah Technologies Corporation
Carmanah Technologies Corporation is a global provider of renewable and
energy-efficient technologies. From its office in Toronto, Ontario, the
company’s Grid-Tie division oversees the design, supply, and
installation of solar photovoltaic grid-tied systems for commercial,
industrial and institutional applications. As one of the most trusted
names in solar technology, Carmanah has installed more rooftop
commercial scale grid-tie solar power systems than any other integrator
or EPC contractor in Canada, including the City of Toronto Police
Services building, the Toronto Parking Authority, the David Suzuki
Public School, and the Jean Canfield Government Building in Prince
Edward Island — named Canada's 2008 Solar Project of the Year by the
Canadian Solar Industries Association (CanSIA). Carmanah is a publicly
traded company, with common shares listed on the Toronto Stock Exchange
under the symbol "CMH”. For more information, visit www.carmanah.com.
National Retailer and Distributor
VICTORIA, BRITISH COLUMBIA, CANADA (February 3, 2011) - Carmanah
Technologies Corp. (TSX: CMH) has been awarded four contracts with a
combined value in excess of $5 million (CAD) by Northland Power Inc. to
design, supply and install two 500 kW, a 250 kW and a 10 kW solar
photovoltaic (PV) rooftop system for a national retailer and
distributor. Northland Power, one of Canada’s largest independent power
producers, selected Carmanah as their engineering, procurement and
construction (EPC) contractor based on the Canadian company’s history of
successful turn-key solar PV grid-tie installations.
“When Northland Power approached us last year about the prospect of
partnering with them for a series of rooftop solar projects, we were
thrilled.” Comments Ted Lattimore, CEO, Carmanah. “Northland has a
powerful reputation in the Canadian alternative energy industry. Both
companies benefit from the advantage of experience and scale in the
Canadian grid-tie market.”
Since 1989 Northland has been developing and operating renewable energy
generation projects predominantly in Ontario, Quebec and Saskatchewan.
Headquartered in Toronto, the company’s facilities have an installed
capacity of over 870 megawatts. Also headquartered in Toronto, Ontario,
Carmanah’s Grid-Tie division has designed and constructed more than 50
rooftop solar PV installations to date, making Carmanah Canada’s most
experienced solar EPC contractor in the commercial rooftop market. “We
recognize Carmanah’s experience and reputation in the design and
installation of rooftop PV systems, and we are pleased to partner with
Carmanah on these projects,” said John Brace, CEO for Northland Power.
The Ontario Power Authority (OPA) Feed-In Tariff or ‘FIT’ program allows
most owners of an electrical service connection, including residents,
businesses and government to install a renewable energy generating
facility on their land or property for the purposes of selling the
electricity to the OPA through their local distribution company. While
the program offers ‘a reasonable return on investment’ for the owner of
the generating facility the real winners are the residents of Ontario.
One of the focal points of the program and its parent the Green Energy
Act is to stimulate job creation by mandating provincial content in each
of the primary project attributes including manufacturing of renewable
energy technologies, construction labour and consulting services.
Lattimore says that the Company’s established credibility in the
Canadian solar grid-tie market has marked Carmanah as a prime contender
for Ontario FIT project inclusion, “The new OPA FIT program presents a
great opportunity for renewable energy companies. Carmanah’s
long-standing history of successful solar installations across Canada
and full-service design-build capabilities position us well to support
FIT projects of any scale.”
About Northland Power
Northland is a Canadian income trust that has ownership or economic
interests in 10 power projects totaling over 1,100 MW (net 872
MW).Northland’s assets comprise natural-gas-firedplants which
efficiently and cleanly produce electricity and steam as well as
facilities generating renewable energy from wind and biomass. Sales are
made almost entirely under long-term contracts with a current weighted
average duration of 13 years. Northland’s plants are located in Canada,
the United States and Germany. In addition, Northland has the 86 MW Spy
Hill project, 260 MW North Battleford project and 100 MW Mont Louis wind
farm in construction, and 216 MW of wind, solar and run-of-river hydro
projects awarded under the Ontario Power Authority’s feed-in-tariff
program in advanced stages of development. Northland also has a diverse
development portfolio of high-quality ‘Clean and Green’ energy projects,
including wind, solar, natural gas, and hydro assets that supports its
strategy of sustainable growth primarily through internally developed
opportunities.
About Carmanah Technologies Corporation
Carmanah Technologies Corporation is a global provider of renewable and
energy-efficient technologies. From its office in Toronto, Ontario, the
company’s Grid-Tie division oversees the design, supply, and
installation of solar photovoltaic grid-tied systems for commercial,
industrial and institutional applications. As one of the most trusted
names in solar technology, Carmanah has installed more rooftop
commercial scale grid-tie solar power systems than any other integrator
or EPC contractor in Canada, including the City of Toronto Police
Services building, the Toronto Parking Authority, the David Suzuki
Public School, and the Jean Canfield Government Building in Prince
Edward Island — named Canada's 2008 Solar Project of the Year by the
Canadian Solar Industries Association (CanSIA). Carmanah is a publicly
traded company, with common shares listed on the Toronto Stock Exchange
under the symbol "CMH”. For more information, visit www.carmanah.com.