Skyline Clean Energy Fund Sky Solar Acquisition

SCEF adds 3 GTA solar assets to its portfolio

July 29, 2022 Press Releases

[Guelph, ON – July 29, 2022]

On July 29, 2022, Skyline Clean Energy Fund acquired three rooftop solar assets located at:

  • 80 Weybright Court, Scarborough, ON
  • 85 Steelwell Road, Brampton, ON
  • 120 Duffield Drive, Markham, ON

The assets total 342 KW/DC1 (0.342 MW/DC2) in size and have an Expected Annual Generation3 of 346.320 MWh, 4 which is equal to providing electricity to approximately 43 homes each year.5

The total purchase price for the assets was $1.15M.

The assets at Weybright and Steelwell operate under a 20-Year FIT 1 contract, while the asset at Duffield operates under a 20 year FIT 4 contract.

“We’re thrilled to announce the addition of three more solar assets to our clean energy portfolio,” said Rob Stein, President, Skyline Energy.

“With this acquisition, we continue to solidify our presence in Southern Ontario. We will continue to seek more clean energy assets that fit our investment strategy and can provide additional value to our Unitholders.”

Skyline Clean Energy Fund now comprises 76 clean energy assets: 74 solar assets totaling 38.356 MW/DC and two biogas facilities totaling 184,000 tonnes in annual Organic Waste Capacity.6 Together, these assets have a total Expected Annual Generation of 56,082.31 MWh, along with producing 224,000 GJ of renewable natural gas (RNG).7

1 KW/DC: Kilowatt of direct current energy; a unit measurement of the output of power.
2 MW/DC: Megawatt of direct current energy; a unit measurement of the output of power.
3 Expected Annual Generation is calculated as an expectation of annual output based on an analysis of a number of inputs, including historical production, system efficiency, and historical weather data.
4 MWh: A measurement of energy usage; the amount of energy one would use if keeping a 1,000-kilowatt machine running for an hour.
5 The number of homes powered was determined by dividing the total amount of energy (kWh) produced at the facility by the energy intensity per Ontario household in kWh, which was derived from the total electricity consumption divided by the total number of Ontario households. Source: https://oee.nrcan.gc.ca/corporate/statistics/neud/dpa/menus/trends/comprehensive_tables/list.cfm
6 Skyline Clean Energy Fund’s total MW/DC (solar) and annual Organic Waste Capacity (biogas) figures are expressed in accordance with the Fund’s percentage ownership of the assets.
7 Skyline Clean Energy Fund’s total MW/DC (solar) and annual RNG production expectation figures are expressed in accordance with the Fund’s percentage ownership of the assets.

About Skyline Clean Energy Fund

Skyline Clean Energy Fund (“SCEF”) is a privately owned and managed portfolio of medium to large scale clean energy assets, focused on acquiring income-producing assets across Canada, under long-term government contracts.

SCEF is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the preferred Exempt Market Dealer for SCEF.

SCEF is committed to surfacing value to its investors through asset monitoring and optimization, while providing a sustainable investment product based in clean, renewable energy.

To learn more about SCEF and its asset manager, Skyline Energy, please visit SkylineEnergy.ca.

To learn about additional alternative investment products offered through Skyline Wealth, please visit SkylineWealth.ca.

Skyline Clean Energy Fund is operated and managed by Skyline Group Of Companies.

For media inquiries, please contact:

Jeff Stirling
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x243

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