Canadian Solar sells two PV plants to Renewable Energy Trust Ontario Holdings

Facebook
Twitter
LinkedIn
Reddit
Email

Canadian Solar Solutions, a subsidiary of solar power company Canadian Solar, has successfully sold two 10MW AC PV plants in Canada — DiscoveryLight and FotoLight — to equity investment company Renewable Energy Trust Ontario Holdings.

DiscoveryLight is located in Beaverton, Ontario, while FotoLight is in Prince Edward County, Ontario. Power produced by the two plants will be sold to Hydro One thanks to a 20-year Ontario Power Authority feed-in-tariff agreement.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Canadian Solar provided engineering, procurement and construction (EPC) services for the two sites, and will now utilize operations and maintenance (O&M) services. Another 10 MW AC PV plant — known as CityLights — is scheduled to commence operations  in the first quarter of 2015.

Shawn Qu, chairman and chief executive officer of Canadian Solar, said: “We are pleased with the sale of these two plants to RET Capital, and we look forward to closing the third plant in early 2015. This transaction underscores the successful execution of our business plan in Ontario, as well as our proven track record as a leading project developer on a global scale.”

Read Next

July 29, 2025
The Spanish Ministry of Ecological Transition (MITECO) has launched a new renewables manufacturing subsidy programme.
July 29, 2025
China's PV industry faced significant challenges, with production across the manufacturing chain growing at a slow pace, according to CPIA.
July 28, 2025
Solar developer Atlas Renewable Energy has secured BRL1 billion (US$179 million) in financing for a 579MW Brazilian solar PV complex.
July 28, 2025
In a webinar hosted by Informa Markets, industry experts gathered to dissect the implications of the 45V clean hydrogen tax credit extension.
July 28, 2025
Spanish energy firm Zelestra and Portuguese utility EDP have signed what they call the “first” solar-plus-storage power purchase agreement (PPA) in the Spanish renewables market.
July 28, 2025
French energy major TotalEnergies has begun the construction of its 1GW solar farm in the Basra region of southern Iraq. 

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK