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| About SkyPower SkyPower is Canada’s leading solar energy company. SkyPower owns Canada's first utility-scale fully operating solar park, First Light I and has a pipeline of solar projects installed (27.7 MW), under construction (38.3 MW) and at advanced stages representing over 1500 MW of potential nameplate capacity across North America. SkyPower prospects, develops, manages, finances, owns and operates solar energy projects around the globe from initial discovery stages through to commercial operation. SkyPower with its experienced team help many leading jurisdictions meet their increasing demand for clean renewable energy solutions. About Solar Power Solar power harnesses the power of the sun to create heat and electricity. In Canada, the solar resource, or potential to generate solar power, is one of the best in all of the industrialized nations. Electricity is generated from solar energy by photovoltaic (PV) panels. PV power systems have are completely passive, have no moving parts, and are reliable units requiring little maintenance. Once installed, solar PV arrays generate no noise, airborne or water-borne pollutants. Conveniently, maximum solar power production coincides with peak demand in Canada, in the summer when air conditioner loads are heaviest. In the summer, Toronto has better solar radiation then Miami! The global solar industry has been increasing by 35% a year and is now a $15 billion market. Market leaders include Portugal and Germany, where solar will provide 10% of peak power requirements within the next 8 years. Canada is ranked 14th out of 20 reporting nations for installed solar power but the country is poised to emerge as one of the fastest growing solar markets in the next few years. Indeed, solar power is growing by 20% a year in Canada.
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