SkyPower and Excess Energy Team Up in Solar Power Joint Venture
Posted on: Wednesday, 10 September 2008, 09:00 CDT
TORONTO and BURLINGTON, ON, Sept. 10 /PRNewswire/ -- SkyPower, Canada's largest renewable energy developer, has entered into a new joint venture with Excess Energy, a leading installer of solar power systems in Ontario. The joint venture, called SkyPower Lite, will offer Canadians turnkey solar solutions, and will initially focus on solar hot water solutions. The effort is an important part of SkyPower's strategic direction, and leverages its experience in large wind and solar development.
"SkyPower Lite is another important step toward building a cleaner and greener energy future for Ontario," said Kerry Adler, President and Chief Executive Officer of SkyPower. He noted that the pilot project coincides with the Ontario government's 2007 green objectives, which targets 100,000 installed solar systems as part of their innovative 'Go Green' climate change strategy. "SkyPower Lite is proud to play an important role in this initiative," added Adler.
"This partnership brings together a combination of 15 years of experience in both off grid and grid-tie solar and wind energy systems for light commercial and residential buildings," added Vern Sherwood, Managing Director, SkyPower Lite and former President of Excess Energy. "Canadians need and want an opportunity to have solar solutions on their roofs as a responsible option to reduce pollution and energy costs."
About SkyPower
SkyPower, a Lehman Brothers Company, is Canada's largest renewable energy developer with interests in more than 200 wind and solar projects at various stages of construction and development across Canada and select U.S. states, representing more than 11,000 MW of potential capacity. Working with local partners, SkyPower also has wind energy under development in India, and hydro projects under development in Panama. For more information, visit http://www.skypower.com/.
SkyPower Corp.
CONTACT: For general inquiries, please contact: Tracy Erickson,Community & Stakeholder Relations Manager, SkyPower, (416) 979-4625 ortracye@skypower.com; Michelle Chislett, Vice President & Co-head Solar Group,SkyPower, (416) 979-4625 or michellec@skypower.com
Source: PRNewswire
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