Friday, February 25th, 2011 - SkyPower Limited
TORONTO, ONTARIO--(Marketwire) - SkyPower Limited, Canada''s leading solar energy company and its wholly owned subsidiaries is pleased to announce its receipt of 13 new power purchase contracts under Ontario''s Feed-In-Tariff Program (FIT) representing 148.3 MW of new renewable generation capacity in Ontario.

The FIT Program, implemented by the Ontario Power Authority and enabled by the Green Energy Act, was passed in 2009 to provide a competitive fixed rate for renewable electricity production and to attract support for the rapid rollout of clean energy projects across the Province.

SkyPower owns and develops large-scale solar projects across North America with a main focus in Ontario. There are also projects located in select U.S. States that are currently under development. SkyPower will build, finance, operate and own each of the 13 solar parks on purchased or leased land. A full list of the projects, size and location can be found at Additionally, each project has its own website and links to each can be found at the same location.

"SkyPower is pleased with the government''s continued commitment to clean renewable energy as is evident by today''s announcement of the Feed-in Tariff contract awards. The Ontario Government''s Long-Term Energy Plan provides a road map for moving to cleaner forms of energy and as a catalyst for substantial job creation and investment," said Kerry Adler, President and Chief Executive Officer, "We applaud Ontario for showing global leadership in its dedication to the economic and environmental benefits of green energy".

With the awarding of these FIT contracts, each of SkyPower''s projects will have the capacity to produce enough energy to power approximately 1,000 homes per year or a total of 13,000 homes per year each year for the next 20 years. If successfully brought to commercial operation, the projects will create thousands of new green energy jobs.

Contact Profile

SkyPower Limited

SkyPower Limited is Canada''s largest owner and developer of solar energy projects and proudly owns Canada''s first utility-scale fully operating solar park, First Light I. SkyPower has an extensive pipeline of solar projects operating, under construction and at advanced stages representing over 1,500 MW of potential nameplate capacity across North America. SkyPower prospects, develops, manages, finances, owns and operates solar energy projects from initial discovery stages through to commercial operation. SkyPower helps many jurisdictions meet their increasing demand for cleaner, non-emitting renewable energy solutions.

For More information, please email [email protected] or:
Laura Fracassi

Brett James
(416) 961-6611, extension 107
Laura Fracassi
P: 647-984-6136


Feed-In-Tariff Program (FIT) representing 148.3 MW of new renewable generation capacity in Ontario



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