ICP Solar Technologies Inc. announced that EPOD Solar Inc., a British Columbia company, has entered into an agreement with Peterborough Utilities Inc.(PUI) to construct a 10 MW solar farm on Lily Lake Road in Peterborough, Ontario, worth in excess of $30 million.

Construction is expected to begin within one month. Subsequent to the closing of the previously announced transaction between ICP Solar and EPOD Solar, the PUI agreement shall be assigned to ICP Solar.

“ICP Solar is very excited about the potential opportunity to be a partner in this state of the art initiative to build a facility employing the latest in thin-film photovoltaic solar technology” said Mike Matvieshen, chairman and CEO of ICP Solar.