Montreal, February 8, 2010 – ICP Solar Technologies Inc., announced today that EPOD Solar Inc., a British Columbia company, agreed with Peterborough Utilities to construct a 10 MW solar farm in Ontario worth in excess of $30 million.
Construction is expected to begin within one month. Subsequent to the closing of the previously announced transaction between ICP Solar and EPOD Solar, the PUI agreement shall be assigned to ICP Solar.
“ICP Solar is very excited about the potential opportunity to be a partner in this state-of-the-art initiative to build a facility employing the latest in thin-film photovoltaic solar technology,” said Mike Matvieshen Chairman and CEO of ICP Solar.
ICP Solar is a developer and marketer of solar panels, solar monitoring and power management solutions. The company’s headquarters is located in Montreal, Canada with additional locations in the U.S., Ireland and France.
Founded in 1914, the Peterborough Utilities Commission operated in Peterborough for more than 85 years as a not-for-profit organization. Restructured in 2000, the PUC became part of the Peterborough Utilities Group with a number of new companies established within the group including Peterborough Utilities Inc., which manages electrical generation and retail services.