(PRWEB) January 18, 2013
The Green Tomorrow Fund Announces a Six Hundred Thousand Dollar Financing of Solar Projects being developed by Eclipsall Energy Group.
The Green Tomorrow Fund (“GTF”) announced today it has provided another round of funding for approximately $600,000 to finance solar projects being developed by the Eclipsall Energy Corporation. This investment not only solidifies GTF’s commitment to supporting sustainable energy in the Province of Ontario but will also continue to support the expansion of the corporation’s manufacturing operations in Toronto.
"Eclipsall has demonstrated that it has the ability to grow in the domestic and international renewable energy market, add value for stakeholders and create good paying manufacturing jobs in the City of Toronto,” said Vincent Gasparro, Managing Director of the Green Tomorrow Fund. "This round of financing is beneficial to both GTF and Eclipsall. It allows Eclipsall to solidify its position in the domestic solar panel manufacturing market and allows GTF to deploy its capital in a secure manner with a good rate of return.”
Established in 2009, the Eclipsall Energy Group is a leading Canadian manufacturer of high-performance solar modules. Eclipsall Energy operates in a state-of-the-art manufacturing facility located in Toronto, Canada. The 165,000 sq. ft. facility has a current capacity of 70 MW with planned expansion to 250 MW. All of Eclipsall’s PV modules are UL certified and meet the domestic content requirements for the Ontario FIT Program.
This investment provides Eclipsall the opportunity to support the expansion of our manufacturing activities and offers significant growth potential for our investors. We look forward to working with the Green Tomorrow Fund to further our position as a leading Canadian manufacturer of solar panels," said Leonid Mednik, COO & CFO of Eclipsall Energy.
About the Green Tomorrow Fund
The Green Tomorrow Fund is an independent, sustainable merchant bank that invests in clean energy projects, sustainable businesses and businesses that support the green economy. Started in 2010, the Green Tomorrow Fund has invested in clean energy projects across the Toronto area and has invested in businesses in various sectors across Canada. GTF’s investments and commitments are leveraging the power of the private sector to create jobs and spark innovation in Ontario’s green energy sector. For more information, visit http://www.thegreentomorrowfund.ca.
For Media Inquiry’s Related to the Green Tomorrow Fund Contact:
vg (at) thegreentomorrowfund (dot) com
About Eclipsall Energy
Eclipsall Energy Group is a leading Canadian manufacturer of high-performance PV modules. In 2011, Eclipsall Energy Group expanded its solar offering by adding a project development and financing division, Eclipsall Development. Eclipsall Energy operates in a state-of-the-art manufacturing facility located in Toronto, Canada. The 165,000 sq. ft. facility has a current capacity of 70 MW with planned expansion to 250 MW. Eclipsall Energy currently offers both mono and polycrystalline PV modules in both 60- and 72-cell configurations. All of Eclipsall’s PV modules are UL certified and meet the domestic content requirements for the Ontario FIT Program. The Eclipsall Energy Group has projects under development in North America, South America, and Africa.
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