SKyPower Limited | Infrastructure

SkyPower Limited

Supporting sustainability within communities is one of CIM’s key initiatives. When SkyPower Corp.’s solar assets in Ontario, Canada were made available in 2009 after the corporation became distressed, we saw an opportunity to acquire its existing projects and develop and expand its project pipeline to make a greater impact on the sustainability of urban communities and developing areas across the world.

SkyPower Limited

We created a new entity called SkyPower Limited to encompass the purchased projects, which included at acquisition:

  • A 50 percent stake in the 9.1-megawatt First Light energy park—the first operational utility scale solar energy project in Canada
  • A pipeline of additional projects that were ultimately converted into 200+ megawatts of solar power generation nameplate capacity

 

With our continued involvement, SkyPower has expanded its clean energy distribution to communities in North America and in developing countries. Approximately 35% of the world’s rural populationa figure that goes up to almost 75% in Sub-Saharan Africaare excluded from traditional energy distribution systems and forced to rely on hazardous and inefficient alternatives. SkyPower is helping to close the energy distribution gap with solar parks in India and Africa as well as through its charitable organization SkyPower Cares, which donates home solar kits to families without sufficient access to electricity.

Today, SkyPower is one of the world’s largest and most successful developers and owners of utility-scale solar energy projects, with more than 25,000 megawatts of solar projects worldwide in various stages of development. Through its 35 international locations, SkyPower works with local organizations, governments and developers to provide the clean energy and power necessary for communities to grow.

SkyPower Limited

There can be no assurance that CIM will replicate past results or meet its objectives in the future.

Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC