VICTORIA, BC--(Marketwire - March 12, 2009) - As part of an ongoing renewable energy initiative, the Toronto Parking Authority (TPA) in Ontario, Canada is installing a solar powered grid-tie system from Carmanah Technologies Corporation (TSX: CMH). Valued at approximately $248,000, the wall mounted grid-tie system will generate electricity from the sun's energy to help power the TPA facility, reducing the facility's reliance on the Toronto Hydro distribution system while helping to control energy expenses. To help offset the capital expenditure of the upgrade, the integrated solar power system will also generate revenue through a contract with the Ontario Power Authority's Renewable Energy Standard Offer Program (RESOP).
Based in Victoria, BC, Carmanah Technologies is a leading provider of solar power systems for grid-tie applications across Canada. Other recent grid-tie applications include a 5 kW system on a new Canadian Tire store in Welland, Ontario, and a 108 kW system on the new Jean Canfield Government Building in Prince Edward Island -- named Canada's 2008 Solar Project of the Year by the Canadian Solar Industries Association (CanSIA).
For more information on this or other solar grid-tie applications within Canada, contact Richard Wayte at rwayte@carmanah.com, or visit Carmanah at www.solarforbuildings.com.
About the Toronto Parking Authority
The Toronto Parking Authority is a self-sustaining public corporation owned by the City of Toronto. It contributes significant revenues to the City's general reserves while successfully meeting its mandate to provide safe, attractive, conveniently located and competitively priced off and on-street public parking. For more information, visit, www.greenp.com.
About the Renewable Energy Standard Offer Program (RESOP)
The first initiative of its kind in North America, the Renewable Energy Standard Offer Program was introduced by the Ontario Power Authority in 2006 to help small renewable energy generators sell their electricity to the provincial distribution system. For more information, visit www.powerauthority.on.ca/sop/.
About Carmanah Technologies Corporation
As one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for industrial applications worldwide. Industry proven to perform reliably in some of the world's harshest environments, Carmanah solar LED lights and solar power systems provide a durable, dependable and cost effective energy alternative. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH." For more information, visit carmanah.com.
No comments:
Post a Comment