Solar Income Fund Inc. Announces Reliant First Nation Limited Partnership FIT 3 Contract Offers Totaling 38.7 MW

Solar Income Fund (CNW Group/Solar Income Fund Inc.)

TORONTO, Aug. 11, 2014 /CNW/ - The Ontario Power Authority (OPA) announced the offer of 403 Commercial Rooftop Solar PV Feed-in Tariff (FIT) contracts on Wednesday, July 30th, 2014 as part of its FIT Version 3 Renewable Energy Contract announcement.

Reliant First Nation Limited Partnership ("RFNLP"), led by Solar Income Fund Inc. and Adelaide Solar Energy Inc., received FIT 3 contract offers on 176 commercial rooftop projects totaling 38.7 MW of power. This represents successful contract offers on 89% of the applications submitted by RFNLP. 

"We are very pleased with the results detailed in the OPA's announcement" says Solar Income Fund Inc. President and COO Jennifer Jackson. "The success achieved here is reflective of the hard work and perseverance of the Partners involved in this project. This is a great example of the successful partnerships that Solar Income Fund continues to develop both here in Ontario and globally."

Of the 123.5 MW of contracts the OPA was authorized to offer proponents with renewable energy applications, RFNLP represented over 31% of the total successful applications and over 45% of successful Solar Rooftop applications. 

About Solar Income Fund Inc. ("SIF")

Solar Income Fund Inc. is a Canadian-based company focused on the development and effective management of renewable energy power generation assets.

Involved in the solar energy sector since 2006, the SIF Management Team has created a series of successful investment fund opportunities with world-class solar energy assets backed by long-term Power Purchase Agreements or Feed-in Tariff Contracts issued by Government organizations.   

SIF's Management Team comprises decades of combined experience acquiring, developing, financing, operating and managing renewable energy assets.  This financial and technical expertise provides for a fundamental understanding of the assets and supports a very active management approach aimed at optimizing the full potential and value of the portfolio.   

SIF combines the capabilities of their highly qualified Management Team to build a sustainable portfolio of solar energy projects that make for a positive economic contribution and a cleaner environment.  With over 20 MW of assets under management and current involvement in over 350 MW of solar PV projects in Ontario and globally, SIF continues its proven track record of success.

SOURCE Solar Income Fund Inc.

Image with caption: "Solar Income Fund (CNW Group/Solar Income Fund Inc.)". Image available at: http://photos.newswire.ca/images/download/20140811_C1560_PHOTO_EN_4776.jpg

For further information: Solar Income Fund Inc., 150 Bridgeland Avenue, Suite 202, Toronto, Ontario M6A 1Z5, (416) 548-6449, info@solarincomefund.com, www.solarincomefund.com