Through this partnership, Kruger Energy enters the solar energy market with a view to owning and operating a portfolio of solar energy facilities.
"KH Solar is unique in Canada's emerging solar industry, thanks to its Canadian ownership, depth of renewable and solar energy expertise and underlying financial strength," said Winston Bennett, Vice-President of Helios Energy. "Most importantly, KH Solar will be a solar energy developer in which commercial and industrial real estate owners can take great confidence over the long-term."
This partnership brings together the extended investment horizon and operational experience of Kruger Energy, one of Canada's most established renewable energy companies, and the solar development and design expertise of Helios Energy, a leader in the Canadian solar industry.
"Adding solar energy to our wide renewable energy business portfolio is a natural step for Kruger Energy," said Jean Roy, Vice President and General Manager, Kruger Energy. "With over 420 MW of installed capacity, Kruger has the established track record and financial depth to successfully expand into this exciting new market. We are pleased to partner with Helios Energy to leverage their development expertise and the reputation they have built in the Canadian solar energy market since 2006."