TORONTO, ONTARIO–(Marketwire – Feb. 20, 2012) – GEMCO Solar Inc. (GEMCO), an Ontario based solar developer and EPC Contractor, is pleased to announce the completion and achievement of commercial operation of its first 500 kW AC, 600 kW DC roof top solar photovoltaic system in Stratford Ontario.
The solar PV facility is hosted on the rooftop of a building located at 533 Romeo Street, owned by Advanced Design Solutions Inc. The project was built as part of GEMCO’s roof lease program in partnership with Fovere Investments Inc. Ownership of the facility, once complete, resides with a Fovere fund whose objective is to accumulate renewable energy generation assets. The installation, comprised of 2,652 roof top solar photovoltaic panels, is expected to generate approximately 766 MWh of electricity per year which will offset approximately annually 150 tonnes CO2e or the equivalent tonnes of Green House Gases that 39 average Canadians produce in a year.
GEMCO is an industry leading provider of green energy services specializing in the design, installation and financing of a wide variety of renewable energy technologies, including solar water heating, solar heating and cooling and PV solar energy systems. Over 3.5 MW of solar photovoltaic ground-mount and roof top projects were completed in 2011. In addition, GEMCO has installed over 30 commercial scale solar thermal projects including Sick Kids Hospital and Toronto Zoo. The 2010 TIPTA award for Canada’s first “Triple-State” absorption thermal Heating/Cooling system was received by GEMCO for a hospital project commissioned in 2011. Information about GEMCO is available at www.gemco.co .
About Fovere Investments Inc.
Fovere Investments Inc. (Fovere), is a private capital management firm with specific expertise in real estate, private equity and Clean-tech Solar Infrastructure investments. Fovere’s knowledgeable team has the experience and diversity to manage and optimize value creation initiatives as part of project funding solutions. Information about Fovere is available at www.fovere.ca .
About Advanced Design Solutions Inc.
Advanced Design Solutions Inc. (Advanced Design) designs and builds automotive shipping racks and containers, dunnage, bins and pallets. Since its inception in 2001, Advanced Design has taken pride in a longstanding tradition of quality, reliability and innovation as part of its engineering and fabrication operations. Information about Advanced Design is available at www.advancedds.ca .
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