Canadian Solar finishes sale of 10MW Otario GoldLight plant

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Solar power company Canadian Solar has completed the sale of the 10MW GoldLight solar power plant to a partner of DIF Infrastructure III.

The installation, valued at US$54 million, utilises around 46,800 Canadian Solar panels and is located in the town of Georgina, Ontario, Canada. The plant commenced operations on 30 January 2015 and will sell off power pursuant to a 20-year Ontario Power Authority feed-in tariff contract.

Paul Huebener, head of DIF Americas, said: “The GoldLight project represents another attractive addition to DIF's growing portfolio of North American renewable energy projects.  DIF's relationship with Canadian Solar has been a key contributor to our expansion.”

Dr. Shawn Qu, chairman and chief executive officer of Canadian Solar, added: “We are pleased to announce the completion of the GoldLight power plant sale, one of several transactions between Canadian Solar and DIF. Our successful cooperation with DIF highlights our shared commitment to expanding the use of renewable solar energy in North America.”

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