Merger means good things for eastern Ontario solar power customers

Tom Pechloff
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The merger of two of the strongest solar power companies in eastern Ontario has created the biggest player in the market, according to Mike Perreault, CEO of SolPowered Energy Corporation.

left to right: Henry Schroder, iSolara vice-president of operations, David Cork, iSolara vice-president, sales and marketing, Mike Perreault, SolPowered CEO, Suzanne Cyr, SolPowered vice-president, sales and marketing, Warren Abar, iSolara CEO

His company has merged with iSolara Solar Power and Mr. Perreault said that means good things for customers in eastern Ontario.

“They benefit from more resources – being able to assist them, whether it be engineering, procurement, construction, financing, all the various services that we provided individually will now be offered by one combined team,” said Mr. Perreault.

He also said it means more high skilled jobs.

“The sky’s the limit here,” said Mr. Perreault. “I think the fact that we’re merging together will provide the opportunity to expand not only to become a stronger player in eastern Ontario but to expand throughout the rest of Ontario.”

Mr. Perreault said he didn’t want to get into the specifics of the motivation behind the deal, but did say there are a lot of resources and only a certain amount of contracts, so a merger made sense, both for the companies and their clients.

iSolara president Warren Abar will retain that position with the merged companies.

“Solar markets in Ontario are entering a new growth phase, one that will see a massive uptake in the urban & suburban markets, with a particularly bullish forecast for the Eastern Ontario region,” Mr. Abar said in a statement.

Mr. Perreault said recent upgrades of the transmission grid at the Hawthorne Regional Centre, just east of Ottawa, has opened up eastern Ontario, giving customers the opportunity to install solar projects.

We already have a large pipeline of customers that have shown interest over the years and did not have access,” said Mr. Perreault.

SolPowered vice-president of sales and marketing, Suzanne Cyr, says together, the companies have more salespeople, more strength, experience and talent on their team.

“We’re going to definitely be knocking on a lot of doors of the people of Ottawa now,” she said.

Organizations: Solar Power, Hawthorne Regional Centre

Geographic location: Ontario, Ottawa

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Recent comments

  • Chris Budda
    July 22, 2014 - 23:43

    Congrats on the merger, it is always a bright idea to realize the synergies between two competing companies. Hope the sun shines on, for a long, long time1