Spark Power Group Inc. (TSX:SPG) has signed a long-term operations & maintenance agreement between its solar business, Spark Power Renewables, and Leeward Renewable Energy. Leeward Renewable, a leading renewable energy company, contracted Spark Power to be the primary Solar operations and management provider for three solar energy facilities (Rabbitbrush Solar, Chaparral Solar and Willow Springs 3 Solar) in Rosamond, California, which will have an aggregate capacity of approximately 274 MWAC.
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Spark Power Group Inc. (TSX:SPG) has signed a long-term operations & maintenance agreement between its solar business, Spark Power Renewables, and Leeward Renewable Energy.
Leeward Renewable, a leading renewable energy company, contracted Spark Power to be the primary Solar operations and management provider for three solar energy facilities (Rabbitbrush Solar, Chaparral Solar and Willow Springs 3 Solar) in Rosamond, California, which will have an aggregate capacity of approximately 274 MWAC.
The three projects are expected to be operational by August 2022 and will also have co-located utility scale battery storage systems.
Willem Van der Ven, COO, Leeward Renewable Energy, stated: “LRE is pleased to have reached an agreement with Spark Power as we leverage their expertise to continue to deliver clean, reliable renewable energy to our customers in the region. At LRE, we prioritize working with best-in-class partners to achieve the highest levels of safety, reliability and performance at our solar facilities as part of our commitment to the communities where we operate and to the customers we serve."
Leeward Renewable (www.leewardenergy.com), a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada's largest defined benefit pension plans with C$121 billion in net assets as at December 31st, owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity.
Leeward is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 20 gigawatts under development and construction spanning more than 100 projects.
Taylor Williamson, Director, Solar, Spark Power, stated: "We are very excited to kick off this new relationship with the LRE team. Best-in-class monitoring, and analytics coupled with original equipment manufacturer ("OEM") certified field service technicians are the keys to success in this fast-paced market, and we believe we have that recipe."
Grayson Swan, Executive VP, Renewables, Spark Power, added: "This is a tremendous next step in realizing Spark Power's growth plans across the US renewable energy market. By entering into this agreement, our long-term O&M team is now maintaining 2GW of solar renewables assets, across North America. The opportunity to work with LRE to support their large-scale projects really is a vote of confidence in Spark Power's technical capabilities. We look forward to being their Trusted Partner in Power™ in all aspects of safety, quality, and reliability."
The Spark Power group of companies are a leading independent provider of end-to-end electrical services, operations and maintenance services, and energy sustainability solutions to the industrial, commercial, utility, and renewable asset markets in North America.
The shares are currently trading at $0.74.
For more information, please visit the company’s website, www.SparkPowerCorp.com, contact Richard Perri, Executive VP and CFO, at 905-829-3336 or by email at investors@SparkPowerCorp.com.
