Canada's Limen Group Ltd. Major Investor in Grasshopper Solar

TORONTO, Sept. 20, 2011 /CNW/ - Limen Group Ltd., one of Canada's largest providers of structural and architectural construction services, is leading the way in the real estate development sector by bridging the gap between solar technologies and building owners and developers. Today Limen announced that it is the lead investor in Ontario-based Grasshopper Solar Corporation with a total investment of $50 million.  The investment will create more jobs and allow for development of more projects in the proliferation of Ontario's solar energy industry.

Since the launch of the province of Ontario's Feed-In-Tariff (FIT) program in 2009, Ontario has become a global leader for solar energy projects. The program, the first of its kind in North America, aspires to replace a percentage of fossil fuel energy supply in years to come.  Over the next three years the solar industry will attract over $4 billion in investment to expand the market and renew existing infrastructure.

"As experts in construction, we understand the challenges facing real estate developers and property owners as they adapt their plans to integrate solar power into their infrastructure to meet changing energy requirements as a result of this new program", said Mr. Tony Lima, President of Limen Group. "Through this investment, we are accepting the challenge by governments across Canada to capture a building's solar energy generation potential and it is Grasshopper Solar's industry expertise paired with its unique large-scale software solution that we have chosen to maximize this potential."

Grasshopper Solar, a Canadian success story, has developed turnkey energy generation systems to comply with the Ontario Power Authority's FIT program.  Its accelerated growth and investor attractiveness comes from its unique and innovative large-scale software solution and industry leading expertise.  Its portfolio reaches across all market sectors (residential, commercial, institutional, industrial and rural) helping them take advantage of the OPA's FIT program.

"Our solar power systems are in demand and our unique large-scale software solution along with our industry expertise makes us an attractive investment opportunity", said Mr. Azeem Qureshi, CEO of Grasshopper Solar. "We're delivering superior customer service and quality systems throughout all sectors.  It's our IP paired with Limen Group's investment that will help propel the solar industry forward in Ontario."

About Limen Group Ltd.

With over 25 years of experience, the Limen Group Ltd. is a global leader in construction and one of Canada's largest and most respected structural and architectural construction services company with operations from coast to coast. Limen's specialty services include masonry, restoration, stone cladding, stone paving and concrete forming for industrial, commercial, institutional and multi-residential high-rise and large surface buildings. Limen's restoration and retrofit expertise enables developers to integrate renewable energy systems into their projects. With a comprehensive knowledge of Building Integrated solar technology (BIPV) applications and many years of engineering expertise, Limen clients can transform their projects from a traditional "bricks and mortar" design to a smarter energy efficient "bricks and solar" approach. The Limen Group Ltd. is headquartered in Toronto, Canada and works on projects internationally.

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About Grasshopper Solar

Grasshopper Solar, an arm of Grasshopper Energy, was formed in 2010 with the vision to address the growing demand for renewable energy and the mandate of helping individuals, businesses and institutions profit from solar energy and the OPA's FIT program. Grasshopper sets itself apart from the competition through its Grasshopper Energy Online Suite (GEOS) software system.  GEOS enables Grasshopper to execute projects more efficiently and effectively than other solar companies by significantly reducing the time, cost and complexity in all aspect of its operations. Grasshopper Solar has established itself as a well-known brand in Ontario boasting province wide coverage with competitively priced and expertly engineered solar power systems to deliver both reliability and performance in the harsh Canadian weather.

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SOURCE Limen Group Ltd.

For further information:

Mr. Martin Forget
Limen Group Ltd.

Mr. Azeem Qureshi, CEO
Grasshopper Solar Corp.
1-866-310-1575 ext 108

All media inquiries contact:
Ms. Daniela Cavatassi

(ph. 905-625-3002)

Profil de l'entreprise

Limen Group Ltd.

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Grasshopper Solar

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