Company

Carmanah Awarded $1.3M Contract for FIT Rooftop PV Solution

TORONTO, ONTARIO, CANADA (April 24, 2012) Carmanah Technologies Corporation (TSX: CMH) is once again working with PowerStream Inc. to provide and install a 300kW solar photovoltaic (PV) system for a community centre in Markham, Ontario. The $1.3 million (CAD) project will begin installation in May and has a target completion date for July 2012.  

PowerStream’s solar division, a leading PV developer in Ontario, has completed several installations through the Ontario Power Authority’s Feed-In Tariff (FIT) program. In 2011, PowerStream selected Carmanah as the Engineering Procurement Construction (EPC) provider for a 350kW rooftop photovoltaic generating system at the Markham’s Thornhill Community Centre. Recently, Carmanah was awarded a second PowerStream solar PV project at the Mount Joy Community Centre in Markham. The facility presented a number of design challenges including multiple roofs with varied slopes, an irregularly corrugated metal surface and limited reserve structural capacity for the PV system.
 
Milan Bolkovic, Executive Vice-President, Renewable Generation and Conservation at PowerStream says “Our Renewable Generation business continues to work with successful companies involved with the FIT program. Carmanah’s leading industry experience positioned them well to support us in developing this exciting project in Markham.”
 
Leveraging their experience in custom rooftop systems and partnerships with sophisticated technology providers, Carmanah’s engineering team collaborated with Schletter Canada Inc. to propose an innovative design for the building’s requirements. Carmanah and Schletter adapted a standard racking product that would minimize the necessity for physically anchoring the solar generating array, allowing for the bulk of the system to be ballasted. The system also features Heliene PV modules, selected again for their high performance and successful installation on last year’s Thornhill project. The installation will include commercial inverters locally manufactured in Ontario by Advanced Energy. A remote monitoring system will report real-time solar generation of clean, carbon-free power which will offset the CO2 equivalent of 38,000 litres of gasoline annually.
 
“Carmanah was up to the challenge in finding a solution for the size and complexity of this project,” comments Bruce Cousins, Carmanah CEO. “Our expertise in handling unique projects has been recognized by PowerStream and we hope to continue supporting their leadership in rooftop PV opportunities in Ontario.” 
 
Carmanah will be exhibiting at the upcoming CanSIA Solar Ontario Conference May 14-15, 2012 at the London Convention Centre. For more information on this or other solar grid-tie applications within Canada, please contact Richard Wayte at rwayte@carmanah.com or visit www.carmanah.com/grid-tie.
 
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About Carmanah Technologies Corporation
Carmanah Technologies Corporation is a global provider of renewable and energy-efficient technologies. From its headquarters in Victoria, British Columbia, Canada, and office in Toronto, Ontario, the company’s Grid-Tie division oversees the design, supply, and installation of solar photovoltaic grid-tied systems for commercial, industrial and institutional applications. As one of the most trusted EPC contractors in Canada, Carmanah has installed more than 60 solar power systems in Canada, including the Dr. David Suzuki Public School, and the Jean Canfield Government Building in Prince Edward Island — named Canada's 2008 Solar Project of the Year by the Canadian Solar Industries Association (CanSIA). Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH”. For more information, visit www.carmanah.com.
 
About PowerStream Inc.
PowerStream Inc. is  the second largest municipally-owned electricity distribution company in Ontario, delivering power and related services to more than 335,000 customers residing or owning a business in communities located immediately north of Toronto and in Central Ontario. In addition to electricity distribution, the company also operates a renewable generation business throughout Ontario under the name PowerStream Solar. PowerStream Inc. is an incorporated entity, jointly owned by the City of Barrie, the City of Vaughan and the Town of Markham.
 
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This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “expects,” “plans,” “estimates,” “intends,” “believes,” “could,” “might,” “will” or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Carmanah to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties. For additional information on these risks and uncertainties, see Carmanah’s most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Company’s website at www.carmanah.com. The risk factors identified in Carmanah’s AIF and MD&A are not intended to represent a complete list of factors that could affect Carmanah. Accordingly, readers should not place undue reliance on forward-looking statements. Carmanah does not assume any obligation to update the forward-looking information contained in this press release.