TORONTO, Nov. 17, 2011 /CNW/ - OZZ Solar and Potentia Solar Inc., today announced they have entered into an agreement to co-develop
and co-own 30 megawatts of new solar power generation capacity in
Under the agreement, OZZ Solar and Potentia Solar will design, finance
and construct rooftop solar generation facilities ranging from 50 to
500 kilowatts on more than 200 rooftops across the province, with
roughly one-third in the Ottawa region and the balance largely in the
GTA. The projects will be constructed on commercial, industrial and
institutional buildings, including schools, and are expected to be
completed over the next two years. When completed, enough electricity
will be generated to meet the annual needs of approximately 3,300 homes
with clean, emission-free power. Development of the 30 megawatts of
solar power assets will create approximately 750 skilled manufacturing,
engineering, construction and maintenance jobs, and result in
approximately $150 million of new investment.
"We are excited to be partnering with Potentia to deliver more clean
energy to Ontarians," said Marco Pisterzi, President of OZZ Solar.
"Like ourselves, Potentia is investing in the province to create a
better environment and more jobs, and I look forward to building our
leadership positions together."
Chris Asimakis, President & COO of Potentia said, "The agreement with
OZZ is an important step for us in fulfilling our objective of becoming
a leading independent solar power producer. We look forward to working
with OZZ Solar to implement these projects."
About OZZ Solar www.ozzsolar.com
OZZ Solar, a wholly-owned subsidiary of OZZ Clean Energy Inc. (www.ozzcleanenergy.com) has the regulatory expertise, technical experience and access to over
400 installation personnel to install, service and maintain rooftop
solar projects, backed by 24/7/365 service support. OZZ Solar is
currently developing projects for customers and property owners
including Longo's, Morguard and many others. OZZ Clean Energy is
diversified provider of low and no-carbon energy solutions for
customers ranging from residential homeowners to large industrial and
commercial enterprises throughout North America. OZZ Clean Energy's Gas
& Power division offers competitively priced natural gas and
electricity to commercial, industrial and institutional customers. OZZ
Clean Energy is headquartered in Concord, Ontario.
About Potentia Solar Inc. - www.potentiasolar.com
Potentia Solar is an Independent Power Producer in Ontario, generating
electricity through its own 100% solar-powered energy systems.
Potentia Solar is supported by respected and well capitalized Canadian
companies, including Victoria Square Ventures, a wholly owned
subsidiary of Power Corporation of Canada, Conundrum Capital Group and
MKB Solar Rooftops Inc., an affiliate of MacKinnon, Bennett & Company
SOURCE OZZ Solar
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