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

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
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.

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

February 26, 2021
Spanish developer Solarpack has updated its guidance to have between 1.8GW and 2GW of solar in operation and under construction by 2023.
February 26, 2021
Global energy giant EDF has bought a 23% stake in off-grid solar company Bboxx’s Kenyan business.
February 26, 2021
EDP will focus on North America to ramp up its solar capacity in the next five years as part of a new strategic update that will see the Portuguese utility target more than 50GW of renewables additions by 2030.
February 25, 2021
Solar inverter supplier Sungrow will grow its manufacturing capacity in India to 10GW this year.
February 25, 2021
Independent power producer ReNew Power has agreed to go public through a merger with RMG Acquisition Corporation II, a US special purpose acquisition company (SPAC), in a deal that values the combined entity at US$8 billion

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Solar Media Events
June 15, 2021