Acquires Roof-Top Installations on 14 StorageMart Buildings From JCM Capital
VAUGHAN, ON--(Marketwired - July 27, 2015) - PowerStream, a Canadian leader in the development and operation of roof-top solar photovoltaic (PV) generation facilities, has acquired a portfolio of projects totalling 2.575 megawatts (MW) from JCM Capital.
The portfolio consists of 14 roof-top solar PV generation projects in Ontario, located on StorageMart Self-Storage facilities throughout Toronto, Markham, Barrie and London. The combined facilities are Feed-in-Tariff (FIT) 1 projects, expected to generate 3,500 megawatt hours (MWh) annually, which is enough energy to power 365 homes.
PowerStream has partnered with JCM Capital since 2012 to manage the design, construction and commissioning of the projects. Both companies have been highly committed to the successful transfer of ownership and demonstrated innovative thinking, flexibility as well as win-win attitudes throughout the acquisition process.
PowerStream Inc. is a community-owned energy company that provides power and related services to more than 375,000 customers residing or owning a business in communities located immediately north of Toronto and in Central Ontario. It is jointly owned by the Cities of Barrie, Markham and Vaughan.
ABOUT JCM CAPITAL
JCM Capital is a private equity firm that focuses on the development of clean power projects that have a positive social, environmental and economic impact. JCM is currently developing a multi-billion dollar clean power portfolio that includes both utility-sized solar projects in emerging markets. Founded in 2009 and headquartered in Toronto, JCM has offices in Mexico City and London, UK.