Mondial Energy installation to reduce greenhouse gas emissions by
61 tonnes per year
TORONTO, Sept. 12 /CNW/ - Mondial Energy Inc. has installed Ontario's
largest, most powerful solar thermal heating system at one of WoodGreen's
affordable housing sites on Toronto's Queen St. East. The installation is a
partnership between WoodGreen Community Services and Mondial Energy, which
builds and owns solar sites on commercial, residential and municipal
"By providing the capital for the installation, Mondial breaks the
up-front cost barrier and by assuming the ongoing maintenance responsibility,
we also break the technology risk barrier," said Alex Winch, President,
Mondial Energy. "For 100 per cent clean energy, this is both an attractive and
an affordable alternative, especially for non-profit organizations that are
committed to the environment."
Consisting of 108 glazed flat plate solar collectors, the installation at
1070 Queen St. East will generate 34 per cent of the total annual hot water
requirements at the 170-unit building. WoodGreen Community Services will only
pay for the solar thermal energy delivered to the building at a fixed 10-year
rate. The custom-designed solar thermal energy system will be paid for, owned
and operated by Mondial Energy.
"Like many other organizations looking for ways to go green and reduce
their impact on the environment, we felt it was important to lead the way in
our sector," said Brian Smith, President and CEO, WoodGreen Community
Services. "With no upfront capital cost for changing to solar, this
installation allows us to use our limited capital resources for other critical
services for our clients."
Taylor Munro Energy Systems of Vancouver designed and installed the solar
About Mondial Energy Inc.
Mondial Energy inc. makes renewable energy an accessible, economical
alternative to traditional power sources. We finance, install and maintain
solar installations at client sites and bill for delivered energy at
pre-established rates. Mondial, formed in 2004, is a private company with over
50 shareholders and has signed Power Purchase Agreements and letters of intent
in Canada and the United States, with non-profit housing, hotels and casinos.
About WoodGreen Community Services
WoodGreen Community Services takes an integrated, client-centered
approach to building a better Toronto. Together, with our many partners, we
offer innovative, long-term solutions to the most critical social issues
facing our city today. Some of the key areas we focus on include homelessness,
poverty, chronic unemployment, childcare, support for seniors and services for
new immigrants. WoodGreen Community Services also operates WoodGreen Community
Housing, which provides more than 600 individuals and families with affordable
housing at six non-profit housing locations in East Toronto.
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For further information:
For further information: Wendy Low, Mondial Energy Inc., (647) 880-9573,