About 140 acres of farmland just west of Peterborough will be transformed into a $45-million solar farm project capable of producing renewable energy for about 1,500 homes each year.

Peterborough Utilities Inc. announced Friday it would begin construction on the Lily Lake Rd. solar farm within a month.

“We will be the first municipally owned utility to build a solar farm in Ontario,” Peterborough Utilities president and CEO Larry Doran said.

“One of our mandates is to build profitable renewable generation. That’s what we are doing. It will be renewable. It will cut down on greenhouse gases. It will return a profit that will eventually be paid to the city.”

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From the Peterborough Examiner- February 6, 2010