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ThomasLLoyd Capital Acts As Exclusive Financial Advisor To Q-Cells International Usa On A 50MW Solar Project In Sault Ste. Marie
Project is one of the Largest Closed to Date North American PV Solar Generation Facility
This solar plant will consist of five 10 MW AC solar photovoltaic power generation projects, is contracted under the Renewable Energy Standard Offer Program ("RESOP") developed and overseen by the Ontario Power Authority ("OPA") and will connect to local utility PUC Distribution, Inc. The first phase with 20 MW reached financial close in December 2009 followed by a second phase with 30 MW respectively in September 2010. When completed, the project will be among the largest of its kind in North America.
"Solar projects of this size and scope are the model for alternative energy for the future and the expertise of all the professionals involved adds to the excitement," said ThomasLloyd Director Philipp Rusch, "These important developments will pave the way for growth in the supply of solar energy in Ontario."
About Starwood Energy Group
Starwood Energy Group Global LLC ("Starwood Energy") is a private equity investment firm based in Greenwich, CT, that specializes in energy infrastructure investments. Founded in 2005, Starwood Energy is an active investor in power generation, renewable energy and high-voltage power transmission projects in North America. Starwood Energy has built and acquired a portfolio of natural gas fired power generation, a portfolio of high-voltage power transmission projects in various phases of development and operations, and a growing portfolio of renewable energy power generation projects.
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