September 23, 2011, Toronto: ArcStar Energy is pleased to announce that the company has executed a definitive agreement with Green Lake Capital, a solar equity fund owned by major Taiwanese conglomerate Walsin Lihwa (http://www.walsin.com ),to finance, construct and jointly own 6.5 Megawatts of advanced solar energy systems in Ontario, Canada . The projects were developed entirely by ArcStar under the Ontario Power Authority Feed in Tariff (FIT) program. The projects will require up to $40M in capital investment, will produce over 8 Million kilowatt hours of clean solar energy per year over their 30-year life and will contribute to Ontario’s plan for energy independence. Once constructed, the solar electricity generated by the projects will be purchased under a 20-year power purchase agreement with the Ontario grid operator and will produce over C$110 Million in revenues over the life of the contract.
ArcStar’s purpose is to acquire, develop and manage only the very best solar energy investments on behalf of our investors.
Go Solar!
Monty Bannerman
ArcStar Energy
646.402.5076
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