Solar Power Partners, JCM Capital to fund 20 MW of AVACOS solar projects
Jul 14, 2011 - US Solar Power Partners Inc, or SPP, and Canadian JCM Capital have agreed to provide long-term equity financing to Canadian AVACOS Clean Energy for the development as much as 20 MW of rooftop solar projects in Ontario.
In December 2010 SPP and JCM established a fund to develop, finance and operate 200 MW of solar power projects in the province of Ontario. The fund targets solar installations on large industrial and commercial building in the province that would sell the produced power to the Ontario Power Authority under the local feed-in-tariffs. Apart from new projects, it also looks for developments that commence construction in 2011.