Energy & Power
Take away electricity cost fluctuations and build your own energy generation
By Anthony Capkun
November 27 2013 – Conergy has completed a 583kW photovoltaic power plant on a commercial building in Prince Edward County, Ontario. With “disproportionally high fluctuations in electricity costs in the Ontario energy market”, Conergy insists the only way end consumers can ensure stable electricity costs is by taking their energy generation needs into their own hands.
“This project is milestone for Conergy in Canada as the largest rooftop EPC project completed to-date for Conergy under the Ontario Feed-in-Tariff program,” said Jared Donald, president of Conergy Canada. “Ontario remains a very attractive market, where Conergy expects continued growth despite the changes in Ontario’s FIT rates.”
The solar PV system consists of about 2500 solar modules and is expected to produce more than 700,000kWh of energy for the commercial office and storage building annually.
According to Conergy, the owner of the PV plant will see about an 18% return on its investment and break-even after 3.5 years. The Conergy sales and service units are owned by Kawa Capital Management Inc., an independent asset management firm based in Miami, Fla.