{"id":33443,"date":"2012-09-13T13:00:10","date_gmt":"2012-09-13T17:00:10","guid":{"rendered":"http:\/\/spacingtoronto.ca\/?p=33443"},"modified":"2012-09-13T15:53:09","modified_gmt":"2012-09-13T19:53:09","slug":"joint-project-puts-solar-panels-on-city-owned-roofs","status":"publish","type":"post","link":"https:\/\/spacing.ca\/toronto\/2012\/09\/13\/joint-project-puts-solar-panels-on-city-owned-roofs\/","title":{"rendered":"Joint project puts solar panels on City-owned roofs"},"content":{"rendered":"

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The City of Toronto and Toronto Hydro will be sharing the $6\u2013million cost to install solar panels on City-owned roof tops.<\/p>\n

By year\u2019s end, ten installations will be operational on top of arenas and community centres across the GTA, generating 2,600 megawatt hours (MWh) annually.<\/p>\n

\u201cThis is a great opportunity to make use of underutilized City roof space and generate revenue for the City,\u201d said councilor Norm Kelly in a press release.<\/p>\n

The project is estimated to generate $16\u2013million in gross revenue for the City over the next 20 years.<\/p>\n

Toronto Hydro retains a 51 per cent share in the project, but will actually receive less than half the profits after paying out a four per cent rental fee to the City of Toronto.<\/p>\n

\u201cIt\u2019s not all about the money,\u201d said Rob Maxwell, manager of Toronto Renewable Energy, when asked why the city of Toronto could not have done this on their own.<\/p>\n

Maxwell said there was an attraction to Toronto Hydro\u2019s expertise and added that there is a limit to the money that council would be willing to invest.<\/p>\n

\u201cWe will make a reasonable return,\u201d Maxwell said.<\/p>\n

Toronto consumes nearly 800,000 MWh annually and this project will contribute 0.3 per cent of the total consumption.<\/p>\n

The following is a list of locations where the solar panels will be installed:<\/p>\n