GTF to make up to a US$3 million investment in solar projects
The Green Tomorrow Fund (GTF) announced that it will make up to a US$3 million investment in solar projects being developed by the Eclipsall Development Corp., an Eclipsall Energy Group company. This investment will support the expansion of the company’s manufacturing operations in Toronto by creating 120 jobs.
“We believe Eclipsall has the potential and capacity to further solidify its leadership position in the renewable energy market – a key economic-growth sector in Ontario,” said Vincent Gasparro, Managing Director of the GTF. “This investment aligns with our beliefs that people no longer need to choose between doing what is right for the environment and making the right investment decision. You can do both.”
Established in 2009, the Eclipsall Energy Group is a leading Canadian manufacturer of high-performance solar modules. Eclipsall Energy operates in a state-of-the-art manufacturing facility located in Toronto, Canada. The 165,000 sq. ft. facility has a current capacity of 70 MW with planned expansion to 250 MW. All of Eclipsall’ss PV modules are UL certified and meet the domestic content requirements for the Ontario FIT Program.
“This investment provides Eclipsall the opportunity to support the expansion of our manufacturing activities and offers significant growth potential for our investors. We look forward to working with the Green Tomorrow Fund to further our position as a leading Canadian manufacturer of solar panels,” said Leonid Mednik, COO & CFO of Eclipsall Energy.
The GTF is an independent, sustainable merchant bank that invests in clean energy projects, sustainable businesses and businesses that support the green economy. Started in 2010, the Green Tomorrow Fund has invested in clean energy projects across the Toronto area and has invested in businesses in various sectors across Canada.