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Solar utility Mondial Energy sells heat to Toronto
Posted on October 15, 2008
The City of Toronto has awarded contracts to equip 20 municipal facilities with solar thermal equipment that will provide heat to buildings. But instead of owning the systems, the city is only purchasing the heat energy to offset the use of fossil fuels. Fifteen of the sites will have systems built, owned and operated by Mondial Energy Inc., while the remaining five go to CC Solar Inc. both companies from Toronto. These solar utilities have struck 20-year heat purchase agreements with the city, replicating a model that has worked for companies like SunEdison for the deployment of ...
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