A.M.A. Plastics Ltd. and A.M.A. Properties recently signed agreements with Solar Power Network (www.solarpowernetwork.ca) to lease approximately 75,000 square feet of A.M.A. roof space for solar power generation.
Covering about 70 percent of A.M.A.’s buildings with low angle, leading edge solar panels, this installation should generate an estimated 750 kW of electricity, more than A.M.A.’s current electricity usage. For A.M.A., it means moving to green energy with no capital outlay and a revenue stream for the next 20 years from an underused asset, its roof space. It is also maintenance free, as Solar Power Networks handles the maintenance of the panel installation and inverter systems.
Electricity generated by the solar panels passes through A.M.A., is used in A.M.A. buildings, and any excess gets passed through to the grid. A.M.A. pays its electricity bills from its power supplier, Hydro One, as usual, for the electricity used. Rental income received from the lease agreement with Solar Power Network offsets the electricity bill. All dealings with regulatory agencies and the power company are handled by Solar Power Networks. The hardest part for A.M.A. is waiting for completion of the engineering and permitting process so that installation can begin. Installation is expected to begin sometime in mid-2013.
For more: www.amaplas.com