SOURCE: Ontario Solar Network

Ontario Solar Network

July 12, 2010 02:38 ET

Ontario Solar Network to Host Event Focused on Finance & Taxation Strategies for FIT Solar Projects at Toronto Board of Trade on July 15

Pre-Event Seminar on "Ontario Solar Projects & Tax Laws: What You Need To Know" Sponsored by Ontario Solar Academy, in Collaboration With Ernst & Young, LLP

TORONTO--(Marketwire - July 12, 2010) -  On Thursday, July 15, from 6:00 to 9:00 pm, Ontario Solar Network will host a special networking event at the Toronto Board of Trade on "Finance & Taxation Strategies for FIT Solar Projects." Panellists will focus on opportunities, challenges, and creative strategies for structuring solar investments in Ontario. Solar developers and investors, as well as finance and tax specialists, will gather for an open discussion and networking session.

The panellists -- David Oxtoby, CEO of CarbonFree Technology, David Rozin, Senior Account Manager of RBC's Cleantech Banking Group, and Franco Hasou, Ernst & Young's GTA Cleantech Industry Group Leader -- will share insights on equity and debt financing, as well as taxation issues for commercial, industrial, and utility-scale solar projects under the Ontario Power Authority's feed-in tariff ("FIT") program.

Jacob Travis, Chairman of Ontario Solar Network, assembled this group of experts to address the critical issues of financing a FIT solar project. According to Travis, "Equity investors are ready for quality solar projects; Oxtoby knows this from years of experience in the US market. But Canadian banks are hesitant to give loans; Rozin will explain why that is so." He adds, "The key to a successful investment is proper tax structuring; Ernst & Young's Hasou brings a depth of experience in doing just that."

A pre-event seminar will take place from 4:30-6:00 pm on "Ontario Solar Projects & Tax Laws: What You Need To Know." The seminar is sponsored by Ontario Solar Academy, in collaboration with Ernst & Young, LLP.

Advance registration is required for both events at ontariosolarfinance.eventbrite.com. For further information, please contact Marta Michalek at marta@ontariosolarnetwork.com or call 647-977-7567.

Ontario Solar Network's next event, in collaboration with Aird & Berlis LLP, is a breakfast presentation on "Developing Ontario's Solar Generation: A Legal Road Map." This program is scheduled for July 29, 7:30-9:30 am, followed by an optional Ontario Solar Academy Seminar: "Key Issues in Negotiating Solar Leases: What You Need To Know," from 10:00-11:30 am. For more information and to register, visit ontariosolarlaw.eventbrite.com.

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