JCM Capital, a financial advisory company, has declared that the company made an agreement with Hay Solar Holdings ULC for providing long-term financial support towards the construction and development of a 30 MW range of 100kW modular solar farm installations, which are located across the Province of Ontario.
The company aims at developing and financing solar farm projects on both large industrial and commercial buildings across Ontario. In order to achieve its aim, the company also uses the feed-in-tariff program of province through solar power purchase agreements (PPA’s) with the Ontario Power Authority.
For about sixty five commercial rooftop sites, the company has already secured the FIT contracts and has begun the first rooftop site’s construction in the fourth quarter of the year 2011. The agreement signed with Hay Solar Holdings ULC makes approximately 155 MW of the company’s total volume range.
Christian Wray, JCM’s Chief Executive Officer said that the agreement signed with Hay Solar will enhance the boom of the new solar niche market, efficiency and productivity of the Ontario agriculture sector by allowing the 300 farmers to access the high quality farm constructions. Wray added that the integrated solar system, a provider of clean power to the grid is a great modular system that ensures easier scaling and replications.
Paul Evans, Hay Solar Holdings ULC’s President, stated that Hay Solar is delighted to join with JCM in commercializing Hay Solar concepts to large scale. Evans added that this new partnership relation will be significantly benefited by various sectors of the Ontario economy, which provides materials and services to the company’s solar farm development and installation programs.