Plan B Energy and MP2 Capital Partner to Advance Rooftop Solar PV Projects in Ontario
Partnership creates a viable revenue-generating opportunity for commercial and industrial real estate owners and landlords across the province.
TORONTO, ON, Feb. 18, 2010 – Toronto-based Plan B Energy, a renewable energy company specializing in the planning, development, and management of large-scale rooftop solar power projects, today announces that it has joined forces with San Francisco-based MP2 Capital, a leading renewable energy financial services firm, to jointly develop, finance, own, and operate 10 megawatts of rooftop PV systems under Ontario’s feed-in-tariff program.
“This partnership is a direct reflection of our mutual commitment to advance rooftop solar PV projects in Ontario with real estate owners throughout the province,” says Plan B Energy’s CEO, Ali Lila.
“Not only does our partnership with MP2 Capital offer our customers the stable financial assurances they look for when considering new or unfamiliar business opportunities like rooftop solar, but also, MP2 Capital’s deep expertise in renewable energy development and financing will help us further demonstrate that doing business with Plan B Energy is a way for owners and landlords to use what they already have to generate a new, long-term stream of income within their real estate investment. With no upfront costs. And without any risk.”
Mark Lerdal, MP2 Capital’s CEO, adds “We believe that Ontario represents an attractive and exciting market for solar development. MP2 Capital is pleased to partner with a leading player such as Plan B Energy whose track record of successful renewable energy development experience will lead the way for commercial and industrial real estate owners and landlords to quickly engage in Ontario’s greening economy, while providing a clean source of energy in the process.”
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About MP2 Capital, LLC
Founded in 2006, MP2 Capital works with various partners to develop, finance and operate solar projects throughout North America – selling the electricity produced to commercial, government and utility customers under Power Purchase Agreements and Feed-in Tariffs. Based in San Francisco, the company owns and operates generating assets across the United States and Canada, allowing our customers to enjoy reliable, economical electricity without up-front or ongoing operating expenses and our investors to enjoy attractive, risk adjusted returns. Learn more at www.mp2capital.com.
About Plan B Energy Inc.
Plan B Energy Inc. is a global renewable energy company specializing in the planning, development, and management of commercial and industrial rooftop solar power projects using solar photovoltaic technology with an emphasis on proven performance and availability. The company’s mission is to combine its passion, expertise, and business savvy with that of its stakeholders to deliver clean energy practically and profitably, with an enduring commitment to produce clean energy. Customers, stakeholders, and investors who are interested in learning more about Plan B Energy are encouraged to visit
www.plan-b-energy.com.
