Solar Flow-Through 2015-I Limited Partnership Raises $12.87M for the Development of Solar Projects in Ontario
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/06/15 -- Solar Flow-Through 2015-I Limited Partnership ("2015 LP") reports that it has raised $12,869,000 in a private placement. The 2015 LP will draw on these funds in three tranches set for:
"Our combination of tax benefits and expected income for 20 years for our Limited Partners has proven extremely popular," said Matt Wayrynen, President and CEO of Solar Flow-Through.
Developing Solar Power Projects in Ontario
The investment objective of the Solar Flow-Through 2015-I Limited Partnership (2015 LP) is to develop and operate solar power generation (solar PV) projects in the Province of Ontario in a manner that provides for income tax deductions to investors during the start-up, development and construction phases, and steady income upon commencement of commercial operations. The 2015 LP has a targeted income distribution of 7% per annum, expected to begin 24 months from closing (July 30, 2017).
Over $35M Raised to Date in Four Partnerships
The funds of the 2015 LP are earmarked for development and operation of commercial rooftop solar PV projects under Ontario''s Independent Electricity System Operator (IESO) Small Feed-In-Tariff (FIT) program. The 2015 LP represents the fourth in a series of Limited Partnerships for Solar Flow-Through that have raised $35,594,000 for the development of solar PV projects in Ontario. The 2015 LP will develop projects with capacities of 100 kW to 500 kW AC, focusing on fixed ground mount installations covering approximately five acres and commercial rooftop installations covering approximately 25,000 to 100,000 square feet.
Funding Structure and CRCE Tax Incentives
Limited Partners'' investments fund a portion of the capital costs of each solar project. These expenses are expected to qualify as Canadian Renewable Conservation Expenses (CRCE). The common shares of the Subsidiary Companies purchased by the Partnership are expected to constitute "flow-through shares" for the purposes of the Tax Act.
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 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.
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ON BEHALF OF THE BOARD:
Matt Wayrynen, CEO
Solar Flow-Through Limited Partnership
Contacts:
Solar Flow-Through Limited Partnership
Matt Wayrynen
604 488 2833
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Datum: 06.08.2015 - 08:12 Uhr
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News-ID 1377493
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