Atlantic Wind & Solar Begins Construction on Portfolio 101, Rooftop PV Assets in Ontario

Atlantic Wind and Solar began construction on portfolio 101 representing 12 utility scale rooftop solar PV assets in Ontario, Canada. The utility scale projects, comprising 12 commercial buildings in Mississauga and Brampton in Ontario, represent 1.582 MW AC and approximately 1.9 MW DC of peak power production. Capital cost on the projects are approximately CAD $9.5 million. The energy produced will be sold to the Ontario Power Authority under the province's Feed-In-Tariff at a rate of $.635/kWh for two of the projects (250 kW) and $0.713/kWh for the remaining ten. The company expects to complete construction on this portfolio of projects in 2013.