Ottawa's Dymon Power Corporation (Dymon Power) recently announced that it has selected Ontario Solar Provider, Inc. (OSP) to design, finance, and install eight photovoltaic (PV) projects in the National Capital Region that will have a combined generating capacity of 2.7 MW. The projects will create
Ottawa's Dymon Power Corporation (Dymon Power) recently announced that it has selected Ontario Solar Provider, Inc. (OSP) to design, finance, and install eight photovoltaic (PV) projects in the National Capital Region that will have a combined generating capacity of 2.7 MW. The projects will create jobs for graduates of Ontario's solar training courses and help the region prepare to phase out its coal-fired power plants.
Ontario is a hotbed of green development, with solar, wind, and other green energy technologies bringing in jobs, training opportunities like PV installation courses, and clean, unpolluted air. The renewable energy industry received a powerful boost in May of 2009 when the province signed its Green Energy and Green Economy Act (Green Energy Act) into law. The Act gave the province and its Minister of Energy increased decision-making power over issues of energy supply and efficiency and prepared the Ontario Power Authority (OPA) to institute its feed-in tariff (FIT) program later the same year.
Company Plans to Benefit from Green Energy Act Provisions
The FIT program pays high prices, guaranteed over twenty years, to producers of green energy who feed their projects into the power grid. Dymon Power, a division of the Dymon Group of Companies (Dymon), plans to feed its eight new projects into the grid and participate in the incentive program. Dymon is a real estate development group that develops and operates storage facilities. The company also built and runs two high-end retirement homes in Ottawa.
In preparation for its eight new solar projects in the capital, Dymon Power considered more than thirty companies before it selected OSP for the jobs. OSP is a PV development and installation company based in Toronto that sells its products and services across Europe as well as in North America. According to Dymon's CEO, Glen Luckman, "OSP stood out from the competition due its extensive knowledge of the rooftop solar PV market."
OSP will begin constructing the new projects in April of this year. The rooftop installations range in capacity from 100 kW to 500 kW and will collectively generate enough electricity to power 1,000 homes, bringing the province closer to achieving one of the FIT's main goals - to shut down all Ontario coal-fired power plants by 2014.