This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Advanced Energy Partners With Moose Power To Supply Commercial-Scale Solar Solutions For Six Projects In The Ontario Market

Advanced Energy Industries, Inc. (Nasdaq:AEIS), today announced that its inverters have been selected to power six projects in Ontario, Canada. The projects were awarded to Advanced Energy (AE) Solar Energy by Moose Power, one of Ontario's leading solar development companies and will produce more than three megawatts (MW) of clean renewable energy. AE Solar Energy’s photovoltaic (PV) inverters were selected for these projects based on the company’s reputation for high-performance and outstanding service.

“AE Solar Energy has provided excellent service and delivered products on-time that offer superior performance,” said Andrew Knapp, managing director at Moose Power. “We look forward to working together on future projects as we continue to build our project pipeline and provide customers with unparalleled results.”

All six projects are supported by the Ontario Power Authority's (OPA) Feed-in-Tariff (FIT) program. Under this program, the OPA purchases the solar electricity produced for a fixed rate over a 20 year term. To complete the projects Moose Power worked with Advanced Green Technologies ( AGT) and Nautilus Solar Energy, LLC (Nautilus Solar), whose strong understanding of the project development cycle and ability to move projects forward matched well with AE Solar Energy’s technical expertise.

“AE is thrilled to be working with Moose Power and its partners to provide products tailored for the Ontario solar market,” said Gordon Tredger, executive vice president for AE Solar Energy. “Moose Power’s local FIT program expertise and strong presence in Ontario combined with our technical expertise creates a partnership that we look forward to growing.”

The projects will leverage AE’s industry-leading utility-scale Solaron 500 inverters and PVP250kW commercial inverters. By utilizing AE’s complimentary product lines Moose Power was able to match the inverters best suited to each project’s specific needs.

AE’s solar energy business delivers highly reliable inverters, complimentary Balance of System (BoS) products, and robust Operations and Maintenance (O&M) services that allow its customers to secure more solar projects and increase their earnings. AE Solar Energy enables utility scale, commercial, and residential solar project stakeholders to offer system owners a lower Levelized Cost of Energy (LCOE) and improved peace of mind that their PV system will deliver on long-term production goals. With more than 30 years of leadership in innovation and in delivering energy solutions, combined with a legendary reputation for customer service, AE has become a trusted partner to solar project developers, financiers and beneficiaries around the globe.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs