SCEF adds another Solar Asset to its Portfolio
October 31, 2022 Press Releases
[Guelph, Ontario – October 31, 2022]
On October 31, 2022, Skyline Clean Energy Fund acquired a ground-mounted solar system through the purchase of 100% of the units in Balsam Lake Limited Partnership, and 100% of the shares in the General Partner.
The ground mounted solar asset is located at 1246 Northline Road, City of Kawartha Lakes, Ontario.
The asset totals 5,995 kW/DC1 (6 MW/DC2) in size and has an Expected Annual Generation3 of 5,676.75 MWh 4, which is equal to providing electricity to approximately 737 homes each year.5,
The asset is operating under a FIT 1 contract, which pays $0.443 per kWh delivered and has 12.53 years remaining on the term.
“We are thrilled to announce the addition of another solar asset to our portfolio and to continue to build a solid base of operating assets in Ontario backed by long-term creditworthy contracts. ” said Rob Stein, President, Skyline Energy.
Skyline Clean Energy Fund now comprises 79 clean energy assets in two provinces: 77 solar assets and two biogas facilities, which together total 47.882 MW/DC , 184,000 tonnes in annual Organic Waste Capacity and 224,000 GJ in expected RNG production per year.6 Together, these assets have a total Expected Annual Generation of 125,327 MWh.
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 the expected kWh of electricity produced from solar and the expected GJ of energy produced by biogas assets converted to kWh. It is calculated as an expectation of annual output based on analysis of either (or both) actual historical generation and IE projected inputs, including system efficiency and historical weather data. This figure is expressed in accordance with the Fund’s percentage ownership of the assets.
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 powered homes equivalency figure is calculated by dividing the Expected Annual Generation of the asset(s) by the average electricity use per Ontario household. The average electricity use per Ontario household is determined through Natural Resource Canada’s data on the total electricity consumption of the Ontario residential sector, divided by the total number of Ontario households.
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.
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 Management”), 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 Management, 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, Ontario N1H 2S8
More from this category:
Guelph, ON – September 27, 2018 Skyline Clean Energy LP is excited to announce that it has acquired interests in seven (7) operating rooftop solar assets (the Portfolio) located on commercial and industrial buildings throughout Ontario. Each of the solar assets in the Portfolio is backed by long-term power purchase agreements under the government-funded Feed-In-Tariff (FIT) […]