TORONTO - Mondial Energy Inc. has installed Ontario's largest, most powerful solar thermal heating system at one of WoodGreen’s housing sites on Toronto’s Queen St. East. The installation is a partnership between WoodGreen Community Services and Mondial Energy, which builds and owns solar sites on commercial, residential, and municipal buildings.
“By providing the capital for the installation, Mondial breaks
the upfront cost barrier and by assuming the ongoing maintenance
responsibility, we also break the technology risk barrier,” said Alex Winch,
president, Mondial Energy. “For 100 percent clean energy, this is both an
attractive and an affordable alternative, especially for nonprofit
organizations that are committed to the environment.”
Consisting of 108 glazed flat plate solar collectors, the
installation will generate 34 percent of the total annual hot water
requirements at the 170-unit building. WoodGreen Community Services will only
pay for the solar thermal energy delivered to the building at a fixed 10-year
rate. The custom-designed solar thermal energy system will be paid for, owned,
and operated by Mondial Energy.
“Like many other organizations looking for ways to go green and
reduce their impact on the environment, we felt it was important to lead the
way in our sector,” said Brian Smith, president and CEO, WoodGreen Community
Services. “With no upfront capital cost for changing to solar, this installation
allows us to use our limited capital resources for other critical services for
For more information, visit www.mondial-energy.com.
Mondial Installs Largest Solar Thermal Heating System
October 15, 2007