Our partnership with MP² Capital offers our customers the stable financial assurances they look for when considering new or unfamiliar business opportunities like rooftop solar.
Toronto, ON (Vocus) February 19, 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 Energys CEO, Ali Lila.
"Our partnership with MP² Capital offers our customers the stable financial assurances they look for when considering new or unfamiliar business opportunities like rooftop solar," said Lila. "MP² Capitals 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 Capitals 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."
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 http://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 http://www.plan-b-energy.com.
For all media opportunities, please contact media.relations (at) plan-b-energy (at) com or call Ali Lila on 416-399-8374.
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