Mondial Installs Largest Solar Thermal Heating System
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 our clients.”
For more information, visit www.mondial-energy.com.
Publication date: 10/15/2007
“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 our clients.”
For more information, visit www.mondial-energy.com.
Publication date: 10/15/2007
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