TORONTO, CANADA: EnerDynamic Hybrid Technologies Corp. (formerly MCM Capital One Inc.) is pleased to announce that it has completed the installation of the 108 Kilowatt St. Etienne Project under the Ontario Feed-in Tariff (FIT) program.
The project includes approximately 520 Jinko solar panels, Schletter racking and Santerno Inverters. It is 25 percent owned and operated by EHT over the 20 year PPA and produces approximately 130,000 Kilowatt hours per annum and earns a rate of 71.3 cents per Kilowatt hour.
"While not material to our overall business, the Project was installed using our new rapid deployment installation system which includes a 30 percent reduction in labor costs and standardization of our supply chain," says John Gamble, CEO. "The know-how, including efficiencies and cost savings, derived from this project will drive enhanced profitability for future large scale EHT owned solar projects."
Under the Ontario Feed-in Tariff program, administered by the Ontario Power Authority, the project is backed by a 20-year Power Purchase Agreement (PPA). In total, over the next 20 years, the project will provide in excess of 2.5 million hours of clean electricity for the Province of Ontario.