SOURCE: Grasshopper Solar

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April 01, 2015 15:50 ET

Grasshopper Solar Wins Canadian Solar Industry Award

MISSISSAUGA, ON--(Marketwired - April 01, 2015) - The Canadian Solar Industries Association has again honoured Grasshopper Solar Corporation with a Game Changer Award: the 2015 award for project finance innovation. This is Grasshopper's second Game Changer award. The company was previously chosen as the 2012 Canadian Solar Innovator.

The annual CanSIA awards gala recognized leaders that have made significant contributions to the advancement of the Canadian solar sector. An esteemed jury of industry professionals, overseen by KPMG, reviewed more than 70 individual and corporate nominees across 12 categories.

This year Grasshopper and its FREE Solar Program received the Project Finance Innovation award. FREE Solar pays homeowners for the use of their rooftops. Grasshopper installs a photovoltaic system that generates clean electricity through Ontario's microFIT program. Backed by Grasshopper's $100-million residential solar fund, the company is steadily progressing towards its goal of installing 5,000 residential projects by the end of 2016.

Grasshopper Solar CEO Azeem Qureshi says the company's success is "living proof" of Ontario's residential solar potential.

"The FREE Solar Program significantly widens the customer base for solar, enabling more Ontario homeowners to participate in and profit from the province's solar revolution," says Qureshi. "We're excited to win this award and be recognized as a leader in project financing."

Affordable financing is an important force in the globally declining cost of solar energy, says CanSIA's Game Changer announcement, and the Project Finance Innovation award recognizes Canadian creativity in this area. CanSIA president and CEO John Gorman credits award winners with helping the Canadian industry make "huge strides" in recent years.

"Canada competes globally due in large part to individuals and companies in the solar industry that show leadership, and take innovation, technology and research to new levels," says Gorman. "We feel it's important to recognize special achievement."

About Grasshopper Solar Corporation:
Grasshopper Solar is the largest residential solar company in Ontario and recipient of multiple awards for its FREE Solar program. In addition to delivering turnkey power solutions to homeowners, farmers, public schools, institutions, municipalities and large corporations, the company owns and operates its own fleet of solar electric systems. Grasshopper Solar manages the largest residential solar fund in the province.

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