Module manufacturer and PV service provider, Canadian Solar has begun construction on a 130MW solar farm in Ontario.
Canadian Solar’s subsidiary, Canadian Solar Solutions, has begun construction on the utility-scale ‘Grand Renewable Solar Project’ in Haldimand County, said to be Canada’s largest PV project at 130MW (DC), the farm hopes to power 17,000 houses in Ontario.
The 736 acre plant is being developed by Samsung Renewable Energy and the largest First Nations group in Canada, Six Nations of the Grand River. Financed by Connor Clark & Lunn Infrastructure; the project should be completed and operational by 2015.
Financial close was announced 15 October, securing construction costs and long term operation funding. CarbonFree Technology assisted with finance management, and will also provide construction management.
Revenue from the project for Canadian Solar is estimated at C$310 million (USD$301.1 million) with power sold to Ontario Power Authority under a 20 year 100MW (AC) FiT contract.
The EPC contract was awarded to Canadian Solar in June.
As part of the Green Energy Investment Agreement (GEIA) between Samsung and Ontario’s government, 200 manufacturing jobs will be created, while Samsung has pledged to create around 9,000 renewable energy jobs in Ontario.
KJ Kim, executive vice president at Samsung, said: “The Grand Renewable Solar Project will create hundreds of high-skilled jobs that will benefit real people in this community.”
Around 440,000 of Canadian Solar’s CS6X modules and medium voltage stations will be installed with 130 inverters by SMA Canada and racking by Magna International, all of which will be manufactured in Ontario.
“A solar project of this size and complexity involves so many technical, financial and legal issues. We would like to thank all of our manufacturing, construction, equity and debt partners for working so diligently to make Grand Renewable Solar a success,” said David Oxtoby, CEO of CarbonFree Technology.
Shawn Qu, chairman and CEO of Canadian Solar, said: “We enthusiastically move to the construction phase of this landmark project. When completed, this will be Canada's largest PV project ever built. We are highly confident in our team's ability to complete this large-scale project on schedule and on budget, while creating new employment opportunities.”