and included in Ontarios feed-in tariff program , which guarantees above-market rates for selling energy produced from clean sources. The power projects also are backed by several community cooperatives. Nautilus may use the model to arrange financing for additional industrial- and commercial-scale projects, Chief Executive Officer Jim Rice said today in an interview. Everybodys hope would be that now that weve built this structure, we could go up from 8 megawatts to, say, 20 megawatts, he said. Its being driven by this tariff program. Community investors include Green Energy Co-operative of Ontario Inc.
To get more detailed, have a look at the genuine document on this site: http://www.bloomberg.com/news/2015-01-09/nautilus-solar-energy-gets-39-million-for-projects-in-ontario.html