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.
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
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.”
