OPA Announces FIT 3 Contracts

The Ontario Power Authority has announced the offer of 403 Commercial Rooftop Solar PV Feed-in Tariff (FIT) contracts as part of its FIT Version 3 Renewable Energy Contract announcement. Reliant First Nation Limited Partnership (RFNLP), led by Solar Income Fund Inc. and Adelaide Solar Energy Inc., received FIT 3 contract offers on 176 commercial rooftop projects totaling 38.7 MW of power. Offers on 89 percent of the applications submitted by RFNLP were awarded contracts.

Solar Income Fund logo“We are very pleased with the results detailed in the OPA’s announcement,” said Solar Income Fund Inc. President and COO Jennifer Jackson. “The success achieved here is reflective of the hard work and perseverance of the Partners involved in this project. This is a great example of the successful partnerships that Solar Income Fund continues to develop both here in Ontario and globally.”

Of the 123.5 MW of contracts the OPA was authorized to offer proponents with renewable energy applications, RFNLP represented over 31% of the total successful applications and over 45% of successful Solar Rooftop applications.

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