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April 22, 2008 – Vol.13 No.5 SkyPower and SunEdison Break Ground for North America's Largest Solar Photovoltaic Energy Park. The 19-megawatt project, to be known as First Light, is being built on approximately 300 acres of land in Lennox & Addington County, Ontario, Canada. Construction of the 19-megawatt (MW) solar park is anticipated to be completed by the end of 2009. The project is a joint venture partners SkyPower Corp., a Lehman Brothers Company, and SunEdison Canada. First Light will be built in two phases. The power generated from the project will be distributed through the Hydro One utility, providing clean energy to customers in the Township of Stone Mills for 20 years. It is estimated that First Light will reduce yearly carbon emissions by an amount equal to displacing 4,200 cars and light trucks each driving 12,000 miles per year.
In 2006 the Government of Ontario, in concert with the Ontario Power Authority, launched its Renewable Energy Standard Offer Program that provides a platform for stimulating investment and job creation in the renewable energy sector. Including First Light the program has already exceeded its 10-year target of garnering 1,000 megawatts of contracted renewable power generation Sun Edison, of Beltsville, Maryland, is North America's largest solar energy services provider and operates across a global marketplace. The company provides solar-generated energy at or below current retail utility rates to commercial, municipal and utility customers. SkyPower Corp. is one of Canada's leading independent renewable energy developers with interests in over 100 wind and solar projects at various stages of development across 12 provinces/states, representing more than 8,000 MW of potential capacity. SkyPower also has wind energy under development in India and Hydro projects under development in Panama. SkyPower is a Lehman Brothers Company. (4/21/08)
Links: SunEdison SkyPower
Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No
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