Whose Inverter????This should indicate whether Arise and STG are going to team up. We should know shortly whose inverter is being used.
All Ontario content rules requirements.
ARISE Technologies Corporation ("ARISE" or "the Company') (TSX: APV and Frankfurt: A3T), which is dedicated to becoming a leader in high-performance, high-quality, cost-effective solar technology, today announced that it has been awarded a contract to supply a 150KW photovoltaic ("PV") rooftop solar system to the Region of Waterloo in Ontario.
"We are pleased to announce this significant agreement with the Region of Waterloo under the new Ontario Feed-In Tariff ("FIT") program. The system will be installed in our home region, close to our head offices in Waterloo, Ontario," said Vern Heinrichs, President and CEO of ARISE. "Since the launch of the Ontario FIT program, we have seen a surge in interest in the Ontario market, as our requests for feasibility studies have increased significantly, and the average size of systems being considered has also grown considerably. We are optimistic about the potential for this large and rapidly growing market."
The system will be installed on the Regional Operations Centre in Cambridge Ontario. In choosing a supplier for the contract, the Region issued a public tender and selected ARISE's submission from the approximately 20 bids that it received. The ARISE system used in this project will meet all Ontario content requirements as outlined in the Ontario Green Energy Act and is expected to be installed and operational by mid-2010.
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