Media Release - Nov. 23, 2006

Organization: Website: Contact: Phone: FAX: Email:

TAYLOR MUNRO ENERGY SYSTEMS www.taylormunro.com Douglas Dunn, Client Satisfaction Specialist 604.946.4433 604.946.3804 dunn@taylormunro.com

 

BC Solar Company Powers Up for Toronto's Largest Solar Installation

Vancouver, November 23, 2006 - Taylor Munro Energy Systems, the Delta- based solar company that provided the award winning Vancouver International Airport thermal solar system in 2003, announces the power-up of the largest commercial solar heating system that Ontario has yet seen. It opens Saturday November 25 in Toronto.

The project, designed and installed by Taylor Munro, is a solar rooftop array comprising 60 glazed collector panels with an annual energy production rate of 134,000 kWh. It is the first of three systems contracted by Toronto-based Mondial Energy Inc. for a non-profit housing provider in the East End of the city.  Energy production from the Taylor Munro system will be used for domestic hot water heating (DHW) in the client's apartment buildings; providing a natural gas cost saving offset in the range of $10,000. per annum for each building. When completed, the solar powered DHW systems will also displace some 80 tonnes of greenhouse gas (GHG) emissions per year for Toronto, a city looking for innovative ways to improve its deteriorated air quality.

"Taylor Munro has completed the project on time and on budget, and we are appreciative of their design and implementation work ", says Mondial Energy President Alex Winch. Mondial, a renewable energy investor, financed the project with the help of the federal Renewal Energy Deployment Incentive Program (REDI), that provides a 25% cash rebate to renewable energy investors.

With several major new projects waiting in the wings - including another commercial residential installation with Mondial announced November 14 in Toronto - Taylor Munro Energy Systems is set to become the go-to Canadian company for large-scale thermal solar applications for industry, government and remote communities looking to reduce both heating costs and GHG emissions.

Joe Thwaites, Taylor Munro's President, is the visionary behind the 12-year-old BC company that has earned a solid reputation as a leader in the growing Canadian greenbuilding and renewable energy sector. “ Working together with Mondial and other energy contract firms, we now have the capability to bring large-scale solar applications to a whole new level", says Thwaites. "Whether it's a major retrofit or an application designed into the commercial building infrastructure from the blueprint stage, the long-term energy cost savings are proven and substantial. Companies are also realizing the significant social capital benefits of emission reduction strategies available to them”.

Under the new federal Clean Air Act announced in October 2006, the Harper government says it is committed to achieving an absolute reduction in Canada's GHG emissions between 45 and 65% from 2003 levels by 2050.

Energy production and consumption accounted for 91% of the growth in GHG from 1990 to 2003 reports Statistics Canada. The sector was also responsible for 81% of total Canadian greenhouse gas emissions in the same period.

About: Taylor Munro Energy Systems Inc., www.taylormunro.com, is a leading Canadian solar heating manufacturer based in Vancouver. Established in 1995, with an installed base of award winning systems, its mission is to improve the sustainability of Canada’s energy use by providing reliable, cost effective solar heating systems.

About: Mondial Energy Inc., www.mondial-energy.com, is a private company with over 50 shareholders formed in 2004 to fund and own renewable energy generating assets and to sell the generated energy. Mondial has signed Power Purchase Agreements and Letters of Intent in Canada, United States, Aruba and Jamaica for non-profit housing, hotel and casino customers.

Contact: Joe Thwaites President Taylor Munro Energy Systems Inc. 11-7157 Honeyman Street Delta, BC, V4G 1E2 t. 604.809.1588 f. 604-946-3804 thwaites@taylormunro.com

Contact: Alex Winch President Mondial Energy Inc. Suite 200, 2240 Queen St E. Toronto, ON M4E 1G2 t. 416.698.6190 f. 416-698-5149 awinch@mondial-energy.com