DCN ARCHIVES

January 23, 2007

Solar park set for Toronto waterfront

TORONTO

A massive solar research park is to be built on the Toronto waterfront.

The University of Toronto (U of T), ARISE Technologies and The Portlands Energy Centre (PEC) have joined forces to create what they are calling Canada’s largest solar research facility, which will be located on the EC site on Toronto’s waterfront.

“This project will establish Toronto and Ontario as a world leader in solar energy research and development and education,” said Energy Minister wight Duncan. “Solar and other forms of renewable energy are an important art of Ontario’s energy future.”

When completed, the facility will harvest enough solar energy to power up to 1,000 homes. The community will be able to participate through a community-based share offering.

Under the agreement announced today, PEC will provide land worth about 2.4 million. ARISE will design and install a photo power system utilizing high efficiency photovoltaic (PV) cell technology developed by ARISE and U of T.

The solar park will create between 500 kilowatts and one megawatt, representing an investment between $5 to $8 million.

U of T students and staff at ARISE will use the facility to conduct research on renewable energy systems and technologies. This will help develop the utilization of PV systems for commercial and utility scale systems.

The PEC site is an ideal location for this project as it’s an urban setting close to the university, has access to transmission lines and offers a large tract of land with an unobstructed southern exposure.

Details on the community share offering and exact size of the facility will be announced at a later date. The project is expected to be installed in late 2008 or early 2009.

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