Kruger Energy and Helios Energy have formed a joint venture to develop large-scale rooftop solar energy systems in North America.
Solar installations for commercial and industrial rooftops.
Photo: Helios Energy
Their KH Solar Limited Partnership brings the expertise of the two renewable energy companies together with Toronto-based Helios developing and installing the systems, and Kruger owning and operating them through long-term leases with building owners.
The systems will be installed on commercial and industrial rooftops using a ballasted mounting technology that does not penetrate the building roof membrane.
The companies said the partnership may also develop rooftop solar energy systems for building owners interested in ownership.
This deal represents Kruger’s entry into the solar energy market. The Montreal-based company is a wholly owned subsidiary of Kruger Inc. that owns, manages and operates 32 electricity production sites, ranging from hydroelectric and wind power plants to biomass cogeneration and biogas plants, with installed capacity of 423 megawatts.