TORONTO – Beginning this week, the city of Toronto will begin construction on thousands of solar panels on buildings across the city, which according to the city, will increase revenues.
City crews have started installing over 8,800 solar panels on buildings across the city, beginning with Mimico Arena, York Mills Arena, and Goulding Park Community Centre/Arena.
The move, according to the city, will generate over $16 million in gross revenue over 20 years.
“This is a great opportunity to make use of underutilized City roof space and generate revenue for the City,” said Councillor Norm Kelly (Ward 40 Scarborough-Agincourt), Chair of the Parks and Environment Committee in a press release issued on Wednesday. “Reducing environmental impacts for communities and improving air quality for our residents is another step in the right direction.”
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The complete installation of the more than 8,800 solar panels will generate roughly 2,600 megawatt hours of electricity each year – equivalent to the usage of 215 households in Toronto, according to the city of Toronto.
City officials also say the solar panels will also result in the reduction of approximately 480 tonnes of greenhouse gas emissions each year.
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