Development of New Solar Energy Projects in North America
GDF SUEZ, through its wholly-owned subsidiary International Power, announced today that construction of a solar project in Ontario, Canada, has commenced.
The Brockville project will have an installed capacity of 10MW, sufficient to serve nearly 1,700 homes. A 20-year Power Purchase Agreement has been secured with the Ontario Power Authority for all of the output.
The CAD$ 50 million (€40 million) project is to be developed under Ontario’s renewable subsidy program (Feed-in Tariff Program) and is expected to become operational in early 2013. The solar photovoltaic modules will be supplied by Suntech, the world’s largest producer of solar modules.
In addition, the Group has completed its first utility-scale solar project in the United States, a 2MW facility on the site of its Northfield Mountain pumped hydro storage plant in Massachusetts. The facility, which began producing power for the regional grid in late March, is one of the largest solar installations in New England, consisting of more than 18,000 photovoltaic panels.
In North America, the Group currently operates 27 renewable facilities powered by solar, wind, biomass and conventional hydro energy, with a total capacity of 667MW*. Two pumped storage hydro plants contribute a further 1,124MW* to the clean energy portfolio.
Solar energy currently accounts for 1% of GDF SUEZ’s global electric production capacity and the Group is increasing the contribution from this clean, renewable energy source. Since 2011, GDF SUEZ commissioned 37MW of photovoltaic solar capacity in France : the facilities in Bollène (4MW) and Beaucaire-Tarascon (3MW) developed by CN’AIR, the three facilities in Curbans (totaling 26MW) as well as the Porette de Nérone (3.8MW) facility developed in Corsica.
An exchange rate of €1: CAD1.254$ has been used in this announcement.
*June 30th, 2012
About GDF SUEZ
GDF SUEZ develops its businesses around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, combating climate change and optimizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 218,900 people worldwide and achieved revenues of €90.7 billion in 2011. The Group is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU.
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