Sunny Day Energy and RESCo Energy to develop 5MW of rooftop solar PV in Ontario

MISSISSAUGA, ON, Nov. 29, 2011 /CNW/ - Sunny Day Energy Inc. has selected RESCo Energy Inc. as its primary Engineering, Procurement and Construction (EPC) services provider to develop a portfolio of over 5MW of construction ready rooftop solar photovoltaic projects across the Greater Toronto Area. The projects will connect to the grid under the Ontario Power Authority's (OPA) Feed-in Tariff (FIT) program. Sunny Day Energy will finance and own the projects, which range in size from 200kW AC to 500kW AC. Development of the first project is already underway with the remaining projects to be built over the next two years.

The Sunny Day Energy portfolio represents a very substantial development in the Ontario market and a huge addition of clean renewable energy to Ontario's electricity grid. The scale of these projects equates to 27.9% of the total installed capacity of rooftop solar PV projects completed during the first two years of the OPA's FIT program (17.9MW). That 17.9MW was also spread over 109 buildings making this portfolio a substantial increase in the average project size (Source: OPA, Nov. 14, 2011).

For the solar industry in Ontario, particularly the manufacturing sector, a project like this provides assured demand and keeps production lines running and people employed. This is also a key employment piece for RESCo Energy. RESCo uses in house personnel for all EPC services making the Sunny Day Energy portfolio a bedrock of even flow work over the next two years.

These projects will also become an important tool for electric utilities in Ontario and other jurisdictions by demonstrating the positive impacts that large scale solar energy projects can have when embedded and distributed throughout major load centres (the GTA). Producing electricity during peak times specifically where it is needed is one of the major benefits of solar energy.

Sunny Day Energy and RESCo Energy are excited about this partnership and the role it will play in the growth of Ontario's solar industry. The two companies will work collaboratively to select major system components and to design the features of each project.

About Sunny Day Energy Inc.
Sunny Day Energy Inc. is a subsidiary of a family owned and operated property management company based on Ontario.

About RESCo Energy Inc.
Incorporated in 2006 RESCo is a full service Engineering, Procurement, Construction and Maintenance (EPCM) firm focused on rooftop solar PV energy systems. As a licensed electrical contractor, RESCo provides the planning, design, installation, financing and operation of solar projects to clients in the industrial, commercial and institutional sectors. RESCo is technology agnostic and prioritizes its approach based on best in class solutions that fit the clients' visions. RESCo clients include Campbell Company of Canada, Mountain Equipment Co-op, Potentia Solar, Canadian Tire, Warehouse Properties, PowerStream, Oakville Hydro ESI, Oshawa Power Utility Company, the City of Kingston, the Regional Municipality of Waterloo and many others.  RESCo is an active member of the Canadian Solar Industry Association (CanSIA) and the Ontario Sustainable Energy Association (OSEA). RESCo is partially owned by Flynn Canada, the country's largest roofing and building envelope company. RESCo is co-located with Flynn at the Mississauga headquarters.
www.rescoenergy.com

SOURCE RESCo Energy Inc.

For further information:

Kevin Monsour, VP Partner Development, RESCo Energy Inc.
416.361.0752 x1412 / kevinmonsour@rescoenergy.com
Visit us at CanSIA Solar Canada 2011, booth 516, December 5-6 (http://www.cansia.ca/solar-conference-1)

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