Solar Flow-Through FIT2 Rooftop Portfolio: Aggregate of 6.379 MW DC completed
Starting in 2013, Solar Flow-Through and its partners worked closely with developers to build and install 23 FIT2 Projects. In Q4 2015, all FIT2 projects were completed and connected to Ontario’s electrical grid. Management of Solar Flow-Through is managing all projects to maximize return for its unit holders.
A summary of FIT2 project locations and details is available here.
Solar Flow-Through FIT3.1 Rooftop Portfolio: Aggregate of 9.2 MW DC completed
Solar Flow-Through and its partners completed construction of its 26 FIT3.1 rooftop projects by Q2 2017. All projects are now generating revenue from the production of electricity into Ontario’s electrical grid.
A summary of FIT3.1 project locations and details is available here.
Solar Flow-Through FIT3.1 Ground Mount Portfolio: Aggregate of 6.3 MW DC completed & under development
In Q3 2016, Solar Flow-Though and its partners were awarded approximately 35 MW DC of FIT 4 Contracts. A large majority of the FIT 4 projects are ground mount projects, with a small number of these projects being rooftop. Initial development of the FIT4 projects began during Q4 2016. Permitting, engineering and development of the FIT4 projects continued through Q3 2017. The majority of the FIT4 projects are ground mount projects. Management has determined that the small number of rooftop projects were uneconomical to construct. Management expects that most of the ground mount FIT4 projects that are expected to become operational will be completed by the end of 2018 and the remainder by end of 2019.
Solar Flow-Through FIT4 Portfolio: 3.0 MW DC Awarded & Under Development
Solar Flow-Through and its partners are working through permitting, engineering and development of 3.0 MW of FIT4 ground mount projects which have achieved Notice to Proceed (“NTP”) with the IESO. Construction of these projects is expected to begin in Q1 2019, with all sites targeting to be operational and complete by Q3 2019.
Solar Flow-Through FIT5 Portfolio: 10.2 MW DC Awarded & Under Development
Solar Flow-Through and its partners are working through permitting, engineering and development of 10.2 MW FIT 5 ground mount and rooftop projects which have achieved NTP with the IESO. Construction of these projects is expected to begin in Q2 2019, with all sites operational and complete by Q3 & Q4 2019.
Solar Flow-Through Terminated FIT3, FIT4 and FIT5 Projects:
Following Ontario’s provincial Election on June 7, 2018, Ontario’s new Government issued an Order in Council to wind down all FIT2, 3, 4 and 5 contracts where the IESO had not issued Notice to Proceed. As a result, Solar Flow-Through received 218 termination notices representing 113.8 MW of its FIT3, FIT 4, and FIT5 pre-NTP Contracts. We are continuing to work to protect our interests in these pre-NTP contracts to the extent that it is possible. For more details on the terminations, please see investor updates from July 17, 2018 & July 23, 2018.