Mount Pleasant Solar LP

Suncor Energy Products Inc. (Suncor) has qualified with the Independent Electricity System Operator (IESO) as a proponent to bid into the Large Renewable Procurement (LRP) process, and has partnered with Canadian Solar Solutions Inc. (CSSI) on a joint venture to develop several ground-mounted solar power projects.

We recognize that the trust and support of stakeholders is an important component of renewable energy development. When deciding whether to submit a proposed project into the Independent Electricity System Operator’s (IESO) Large Renewable Procurement (LRP I) process or any other competitive power procurement process, we consider a number of factors including:

• Capacity on the power line and transformer station
• Potential for economic value/competitiveness
• Community impact and stakeholder concerns
• Land characteristics suitable for renewable power development

After evaluating these factors, we have decided not to submit a bid for the proposed project in the 2015 IESO’s LRP I Request for Proposal process.

Should you have any further questions, please feel free to email LRPSolar@suncor.com or phone 1-866-344-0178.

Detailed information about the proposed project can be found HERE.

About Suncor

Suncor Energy is Canada’s leading integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand.

To foster relationships with our stakeholders, we have developed a set of guiding principles for our engagement efforts:

• Respect
• Responsibility
• Responsiveness
• Transparency
• Timeliness
• Mutual Benefit

Our vision is to be trusted stewards of valuable natural resources. Guided by our values, we will lead the way to deliver economic prosperity, improved social well-being and a healthy environment for today and tomorrow.

Together, we can create energy for a better world.

About Canadian Solar

Founded in 2001 in Canada, Canadian Solar is one of the world’s largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and a provider of solar energy solutions, Canadian Solar has a geographically diversified pipeline of utility-scale power projects. In the past 14 years, Canadian Solar has successfully deployed over 9-gigawatts (GW) of premium quality modules in over 70 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the world, having been publically listed on NASDAQ since 2006.

Canadian Solar exists to make the difference. To customers, colleagues, partners, investors and all whose lives we touch. We are also here to make a positive difference to the environment and society as a whole. We do this by providing exceptional products and services that meet the specific needs of customers, employees, partners and investors.

We offer our customers the opportunity to invest in utility-scale solar power plants. With a successful track record developing, engineering, constructing and connecting over 400-megawatts (MW), Canadian Solar stands out as one of the leading solar developers globally. Companies like BlackRock, Samsung and TransCanada are among our list of customers that rely on us to deliver reliable solar solutions. In addition, we help boost the social responsibility profile of any portfolio providing advanced solar solutions that enable sustainable development worldwide.

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 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 than Miami!

The global solar industry participation has been steadily increasing each 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.

How Solar Power Works:

1. The sun’s radiation hits the solar photovoltaic (PV) panel and forces electrons in the panels free of their bonds.
2. An electric field is created from the free electrons, which results in an electrical current and the production of direct current (DC) electricity.
3. The Inverter converts the DC electricity to Alternating Current (AC) electricity to match the local distribution grid.
4. Power generated from the solar panels is metered and monitored.
5. Electricity is distributed to the local distribution grid for use in local homes and businesses.