OZZ Solar and Potentia Solar Inc., today announced they have entered into an agreement to co-develop and co-own 30 megawatts of new solar power generation capacity in Ontario.
TORONTO, November 17, 2011 /CNW/ - OZZ Solar and Potentia Solar Inc., today announced they have entered into an agreement to co-develop and co-own 30 megawatts of new solar power generation capacity in Ontario.
Under the agreement, OZZ Solar and Potentia Solar will design, finance and construct rooftop solar generation facilities ranging from 50 to 500 kilowatts on more than 200 rooftops across the province, with roughly one-third in the Ottawa region and the balance largely in the GTA. The projects will be constructed on commercial, industrial and institutional buildings, including schools, and are expected to be completed over the next two years. When completed, enough electricity will be generated to meet the annual needs of approximately 3,300 homes with clean, emission-free power. Development of the 30 megawatts of solar power assets will create approximately 750 skilled manufacturing, engineering, construction and maintenance jobs, and result in approximately $150 million of new investment.
"We are excited to be partnering with Potentia to deliver more clean energy to Ontarians," said Marco Pisterzi, President of OZZ Solar. "Like ourselves, Potentia is investing in the province to create a better environment and more jobs, and I look forward to building our leadership positions together."
Chris Asimakis, President & COO of Potentia said, "The agreement with OZZ is an important step for us in fulfilling our objective of becoming a leading independent solar power producer. We look forward to working with OZZ Solar to implement these projects."
About OZZ Solar www.ozzsolar.com
OZZ Solar, a wholly-owned subsidiary of OZZ Clean Energy Inc. (www.ozzcleanenergy.com) has the regulatory expertise, technical experience and access to over 400 installation personnel to install, service and maintain rooftop solar projects, backed by 24/7/365 service support. OZZ Solar is currently developing projects for customers and property owners including Longo's, Morguard and many others. OZZ Clean Energy is diversified provider of low and no-carbon energy solutions for customers ranging from residential homeowners to large industrial and commercial enterprises throughout North America. OZZ Clean Energy's Gas & Power division offers competitively priced natural gas and electricity to commercial, industrial and institutional customers. OZZ Clean Energy is headquartered in Concord, Ontario.
About Potentia Solar Inc. - www.potentiasolar.com
Potentia Solar is an Independent Power Producer in Ontario, generating electricity through its own 100% solar-powered energy systems. Potentia Solar is supported by respected and well capitalized Canadian companies, including Victoria Square Ventures, a wholly owned subsidiary of Power Corporation of Canada, Conundrum Capital Group and MKB Solar Rooftops Inc., an affiliate of MacKinnon, Bennett & Company Inc.