Markham awards Carmanah $1.5-million solar PV contract
Carmanah Technologies Corp.—a global provider of renewable and energy-efficient technologies—has been awarded a $1.5-million contract by the Town of Markham, Ontario to supply, install and commission a 250 kW solar photovoltaic grid-tie system. The system will be installed on Markham’s newly re-located Emergency Operation Centre.
The project is being funded by a combination of Markham's own capital budget money and infrastructure stimulus funds provided through a funding partnership with the governments of Canada and Ontario. Once operational, Carmanah Technologies says the new solar photovoltaic grid-tie system will generate revenue through the contracted sale of energy from the Ontario Power Authority (OPA) under the Feed-In-Tariff (FIT) program at a rate of $0.713/kWh. From the annual revenue received by the system under the OPA FIT contract, Markham will pay down its capital budget investment portion within the first five years of operation, the remaining 15 years of the contract revenues are proposed to be reinvested in future Markham energy projects. In concert with the revenue generation, the company says the new system will also support Markham's long-standing commitment to renewable energies and sustainable technology.
“Carmanah earned their selection by scoring more points than its competitors making it the highest ranked proponent,” said Graham Seaman, Markham’s manager of Climate Change and Energy. “Based on their past experience in similar projects and by having a more qualified design and project management team than the other bidders, the choice was clear.”
The Town of Markham, according to Carmanah Technologies, believes that implementing a large-scale solar product such as this will help to demonstrate the community’s leadership in renewable energy generation and serve to increase its profile in the renewable energies field.
“The new OPA FIT program presents a great opportunity for renewable energy companies,” said Carmanah CEO Ted Lattimore. “Carmanah's long-standing history of successful solar installations across Canada and full-service design-build capabilities position us well to support FIT projects of any scale. With more than 50 completed grid-tied solar projects across Canada, Carmanah has been at the forefront of the domestic industry for nearly 10 years.”
For more information, visit www.carmanah.com.