An Ontario corporation and Canada Green ESCO Inc. have signed a Letter of Intent for 30 Megawatts of rooftop solar projects in various Ontario locations representing a business transaction value exceeding $120 million. Canada Green ESCO Inc. will structure a $120 million Limited Partnership utilizing the legal services of Gowling Lafleur Henderson LLP, Toronto. Canada Green ESCO Inc. will become the General Partner and will be responsible for quality assurance and procurement for the solar projects. Total solar project responsibility to date is 74.3 Megawatts (Approximately $377.4 million).
February 22, 2010
oleg