SCEF purchases 3 solar assets in Southern Ontario
September 6, 2022 Press Releases
[Guelph, Ontario – August 26, 2022]
On August 26, 2022, Skyline Clean Energy Fund purchased three purpose-built rooftop solar assets from Real-Flex Solar 5 Corp. The assets are located at:
- 469 Polymoore Drive, St Clair, ON
- 7910 Industrial Drive, Watford, ON
- 116 Industrial Park Road North, Cramahe, ON
The assets total 1,250 KW/DC1 (1.250 MW/DC2) in size and have an Expected Annual Generation3 of 1417.93 MWh,4 which is equal to powering approximately 176 homes each year.5
The purchase price for the assets was $7.3M.
Each of the assets operates under 20-Year FIT 1 contracts, with 12 years remaining on each.
“We’re pleased to announce the addition of three more purpose-built solar assets to our clean energy portfolio,” said Rob Stein, President, Skyline Energy.
“With this acquisition, SCEF expands its presence in Southern Ontario. We continue to seek more sustainable energy assets that align with our investment strategy and provide more value to our Unitholders.”
Skyline Clean Energy Fund now comprises 78 clean energy assets: 76 solar assets and two biogas facilities, which together total 41.887 MW, 184,000 tonnes in annual Organic Waste Capacity, and 224,000 GJ of expected RNG production per year. Together, these assets have a total Expected Annual Generation of 119,681.48 MWh.6
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.
1 MW/DC: Megawatt of direct current energy; a unit measurement of the output of power.
2 Expected Annual Generation is projected by an independent third-party and is calculated as an expectation of annual output based on analysis of a number of inputs, including historical production, system efficiency, and historical weather data.
3 MWh: A measurement of energy usage; the amount of energy one would use if keeping a 1,000 kilowatt machine running for an hour.
4 Estimated Gross Annual Revenue is calculated as: (size of system, measured as kilowatts) x (production factor of system, measured as kilowatt hours generated per kilowatt) x (tariff rate, measured as revenue per kilowatt hour generated)
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 offered as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth Management”), the exclusive Exempt Market Dealer (EMD) 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:
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
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7.69 MW/DC portfolio spans across southern Ontario