SCEF Purchases Solar Asset in North York, Ontario
May 3, 2022 Press Releases
[Guelph, Ontario – May 3, 2022]
On May 03, 2022, Skyline Clean Energy Fund acquired a rooftop solar asset through the purchase of St Regis Solar Power Corporation in North York, Ontario.
The asset totals 265.2 KW/DC1 (0.2652 MW/DC2) in size and has an Expected Annual Generation3 of 303.480 MWh.4
The purchase price for the asset was $1.35M.
“The Skyline Energy team is happy to announce the addition of a new rooftop solar asset to the SCEF portfolio through the purchase of St Regis Solar Power Corporation,” said Rob Stein, President, Skyline Energy.
“This acquisition complements our existing clean energy assets within the SCEF portfolio, with the goal of adding further value for SCEF investors.”
The asset operates under a 20-Year FIT 1 contract, with 12.5 years remaining on the contract.
Skyline Clean Energy Fund now comprises 71 clean energy assets: 70 solar assets totaling 38.0148 MW/DC and one biogas facility totaling 88,000 tonnes in annual Organic Waste Capacity.5 Together, these assets have a total Expected Annual Generation of 55,804 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 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. 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 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 offered as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth Management”), the exclusive 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:
Cindy BeverlyVice President, Marketing & Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x602
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