Atlantic Wind and Solar has completed construction of a 160-kilowatt, utility-scale solar project in Canada. It has also announced the formation of Power 1, a Yieldco.
The rooftop project has received notice of commercial operation from Ontario’s Independent Electricity System Operator (IESO) – formerly the Ontario Power Authority (OPA). Earlier this month, Atlantic had received notice of commercial operation for a 137.25-kilowatt DC solar plant from the operator.
That plant, which comprises 450 multi-crystalline modules of 305 watts each, will supply power to Ontario Power Authority under a Power Purchase Agreement. Power is to be supplied at the rate of 71.3 cents per kilowatt hour for 20 years.
The latest of Atlantic’s commercial rooftop installations, built using $1 million, is expected to produce 3,300 megawatt hours of power over the next 20 years. Power produced at the plant is to be sold under the Feed-in-Tariff program of the province.
Power 1 Inc, a wholly-owned subsidiary of Atlantic, would purchase and hold projects developed by Atlantic and other developers. Atlantic would directly finance Power 1.
Atlantic has grown its portfolio to a combined installed capacity of more than 750 megawatts of utility scale projects in Canada, South America and the Caribbean.
Toward the end of April, the company had completed the construction of three other projects with the total capacity of 250 kilowatts at Mississauga in Ontario, Canada.
The project cost the company $1.57 million and was spread over three buildings. It is expected to produce 6,000 megawatt hours of power over the next 20 years. The power is being purchased under the Feed-in Tariff program of the provinces.
Also, earlier in April Atlantic received notice to proceed on a $1.2-million utility scale project at Greater Toronto Area in Ontario. The 240-KW AC project was to supply power to the grid over a 20-year period.
Ajith Kumar S