VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 10, 2013) - Solar Flow-Through 2013-I Limited Partnership ("Solar Flow-Through"), a limited partnership with offices in Vancouver and Toronto, reports that it has raised $10 million in the closing of a private placement initiated in August 2013. The funds are earmarked for development and operation of commercial rooftop solar photovoltaic (solar PV) projects under the Ontario Power Authority's (OPA) Small Feed-In-Tariff (FIT) program. In July 2013, Solar Flow-Through and its partners were awarded 52 Small FIT 2.1 solar PV contracts totaling 12.18 MW AC (approximately 14.62 MW DC). These projects are expected to be developed during the next eighteen months.
In November and December 2013, Solar Flow-Through intends to apply for additional commercial rooftop and ground mount solar PV contracts under the OPA Small FIT 3 program. The company is in discussions with potential partners for its applications.
About Solar Flow-Through
Solar Flow-Through, a Canadian-based partnership with offices in Vancouver and Toronto, was formed to develop and operate solar PV power generation projects in the Province of Ontario. Solar Flow-Through's investment objective is to provide investors with favourable income tax benefits during the development phases of solar PV projects, followed by steady and attractive income once commercial operations begin. For more information, visit www.solarflowthrough.com.
ON BEHALF OF THE BOARD:
Matt Wayrynen, CEO
Solar Flow-Through 2013-I Limited Partnership