VICTORIA, BRITISH COLUMBIA, CANADA (May 10, 2011) Carmanah Technologies Corporation (TSX: CMH) has been awarded a contract valued at approximately $1.8 Million (CAD) to provide solar grid-tied PV systems for two elementary schools in Southern Ontario. Architects and planners for both schools considered the integration of a solar PV system early in the building’s design process. This, in combination with the School District’s continued support of sustainable energy and available funding through the Renewable Energy Funding for schools program, contributed to the District’s decision to adopt the two solar PV systems. Carmanah was awarded both contracts based on the Canadian technology company’s successful history in the solar PV industry. This year, Carmanah celebrates its 10-year anniversary in the Canadian solar grid-tie industry.
As part of the Ministry of Education’s Energy Management and Conservation Initiative through the Renewable Energy Funding for schools program, the School Board will construct two facilities in Grimsby, Ontario. While offering immediate benefits such as reducing energy consumption, each integrated solar power system will generate revenue for the district through the Ontario Power Authority Feed-In-Tariff Program.
Each school will be outfitted with a 100 kW rooftop system, consisting of more than 500 solar modules as well as a web-enabled data monitoring system where the collected information will be accessible for educational purposes. The grid-tie PV structure will be incorporated into the sloped infrastructure of the building with the arrays large enough to be seen from ground level. Once installed, the new system will showcase the School District’s movement towards alternative energy solutions.
Carmanah has a history of successful solar projects with schools across Canada. Ted Lattimore, Carmanah CEO said, “We are encouraged by the direction school districts are taking with regards to sustainable energy saving initiatives, such as the investment in a solar grid-tie system.”
Over the last decade, Carmanah has installed and designed solar PV systems for various public and private schools and has partnered with the Ministry of Energy and Mines in British Columbia on the BC Solar for Schools pilot project – a program designed to teach students about the potential of alternative energy and climate change. These recent projects in Ontario will mark the Company’s 10th assignment as the Engineering Procurement Construction (EPC) contractor with a Canadian elementary or secondary school.
For more information on this or other solar grid-tie applications within Canada, contact Richard Wayte at firstname.lastname@example.org, or visit the Company’s website atwww.carmanah.com.
About Carmanah Technologies CorporationCarmanah 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 names in solar technology, Carmanah has installed more grid-tie solar power systems than any other integrator or EPC contractor in Canada, including the City of Toronto Police Services building, the Toronto Parking Authority, the 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.
For further information:
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.