ArcStar Energy News
ArcStar Executes Joint Development and Financing Agreement
Partnership to Serve Commercial Agriculture and Other Targeted Rooftop Sectors.
Toronto, ON, September 21, 2011 - ArcStar Energy today announced the execution of joint development agreement with a major Asian solar equity fund to jointly finance, construct and own 6.5MW of commercial rooftop solar projects under the Ontario Feed in Tariff program.
The portfolio of rooftop sites were developed by ArcStar's Toronto-based Development Services Group and Ag sector partner Ontario Harvestore. Equity investment and construction management will be provided by the Equity fund and it's US-based EPC affiliate, which is one of the most experienced providers of rooftop systems in North America. Long-term, non-recourse debt will be provided by institutional investors associated with either party, depending on terms.
"This agreement strengthens our ability to deliver investment grade rooftop systems and services to the Ontario solar market in general and to our Ag sector site owners in particular" said Monty Bannerman, CEO and one of the founding partners of ArcStar Energy.
About ArcStar Energy
ArcStar Energy, with offices in Toronto and New York, is a renewable energy investment company that acquires, develops and manages superior solar investments in select commercial, industrial and brownfield applications.
For more information, go to www.arcstarenergy.com
Media Contact
Christine Puleo
+1-646-402-5076
info@arcstarenergy.com
ArcStar Executes Joint Development and Financing Agreement
Partnership to Serve Commercial Agriculture and Other Targeted Rooftop Sectors.
Toronto, ON, September 21, 2011 - ArcStar Energy today announced the execution of joint development agreement with a major Asian solar equity fund to jointly finance, construct and own 6.5MW of commercial rooftop solar projects under the Ontario Feed in Tariff program.
The portfolio of rooftop sites were developed by ArcStar's Toronto-based Development Services Group and Ag sector partner Ontario Harvestore. Equity investment and construction management will be provided by the Equity fund and it's US-based EPC affiliate, which is one of the most experienced providers of rooftop systems in North America. Long-term, non-recourse debt will be provided by institutional investors associated with either party, depending on terms.
"This agreement strengthens our ability to deliver investment grade rooftop systems and services to the Ontario solar market in general and to our Ag sector site owners in particular" said Monty Bannerman, CEO and one of the founding partners of ArcStar Energy.
About ArcStar Energy
ArcStar Energy, with offices in Toronto and New York, is a renewable energy investment company that acquires, develops and manages superior solar investments in select commercial, industrial and brownfield applications.
For more information, go to www.arcstarenergy.com
Media Contact
Christine Puleo
+1-646-402-5076
info@arcstarenergy.com