Canadian Solar sells two more utility-scale Ontario PV plants

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Canadian Solar has sold two PV power plants totalling 20MW in capacity to multinational investment management corporation BlackRock. The two companies entered an agreement on 30 September with Canadian Solar signing off the two utility-scale plants in Ontario, Canada to a fund managed by Blackrock.

According to Canadian Solar, the deals are inline with recent deals made by the company in terms of cost per megawatt. PV Tech estimates that the new deal is worth around US$114.9 million for the two plants based on the value of two plants sold to energy infrastructure company TransCanada recently and featured on PV Tech earlier this week.

Canadian Solar will provide turnkey engineering, procurement and construction (EPC) services for the two Ontario plants, one in the village of Demorestville and the other in the township of Odessa. The plants will utilise around 95,980 Canadian Solar CS6X modules, power around 3,340 homes and have been pencilled in for a 20-year operational period, contracted to the Ontario Power Authority. Canadian Solar has covered the modules with a 10-year warranty for materials and workmanship and a 25-year linear power output guarantee. The plants are also covered by a third party insurance policy.

PV Tech also reported from a talk by Michael Eckhart, global head of environmental finance and sustainability at global investment bank Citigroup that EU PVSEC conference that as a stable asset class, PV has made cheaper access to capital investment possible. Eckhart pointed out that the full potential of PV to attract capital is, to a large extent, still untapped.

19 August 2021
The utility-scale PV market is poised for exponential growth and yet the industry still has many fundamental opportunities to improve on standards and best practice. Tracker shade loss has been one of those topics that deserve more attention, but has been typically handled by derate factors rather than trying to accurately forecast the loss over the life of the system. Join Nextracker’s subject matter experts, Aron Dobos and Neelesh Umachandran, and Rounak Kharait, director of solar energy assessments at DNV, for a webinar about why shade modeling matters and recommendations on what the solar industry should do about it.
25 August 2021
Energy Next is a new industry exhibition focusing on the latest renewable energy and energy efficiency technology, which will be held for the first time in 2021 in Sydney, Australia alongside the Clean Energy Council’s Australian Clean Energy Summit, the peak gathering of leaders driving Australia's energy transformation. Organised by the same people behind Australia’s largest clean energy event, All-Energy Australia, Energy Next will give visitors two days of access to key suppliers in the industry, free-to-attend professional development and industry workshops, and networking opportunities to better understand clean energy issues and solutions and learn about the latest developments in this transformational, dynamic sector.
25 August 2021
The Intersolar Summit Brasil Nordeste takes place in Fortaleza, Brazil. It addresses leading local and international experts on solar power and renewable energy in the region. The Summit’s mission is to provide in-depth education, enable high-quality networking opportunities, expand the use of PV technologies at regional and national level and strengthen the local PV industry. The Intersolar Summit Brasil Nordeste is organized by Intersolar South America - Latin America’s largest exhibition and conference for the solar industry: Solar Promotion International GmbH, Pforzheim, Freiburg Management and Marketing International GmbH (FMMI) and Aranda Eventos & Congressos Ltda, São Paulo as co-organizer.
25 August 2021
Join us to hear directly from the CTOs and heads-of-research from the top-20 cell/wafer producers to the PV industry today. The event will focus on predicting the key metrics underpinning the next big shift to n-type with answers to the key questions: When will the transition to n-type happen? Which companies will be first to 10 GW capacity and production? Who will be the key equipment suppliers for the new production lines? Which n-type process flow/architecture will emerge as the front-runner? What will polysilicon purity and wafer thickness levels look like for optimized n-type manufacturing? What will the upstream poly/wafer supply-chain look like in 5 years from now?
26 August 2021
In this webinar, JA Solar will present its product portfolio based on the latest technologies to improve your PV projects, ensuring maximum reliability and performance. During the webinar we will receive insight from JA Solar about its solar technology roadmap and how the manufacturer is providing customers with innovative solutions to suit their needs, while we will also analyse how to determine the best product solution for each solar project.
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The 38th European Photovoltaic Solar Energy Conference and Exhibition will be held online from 6 - 10 September 2021, allowing PV experts from all around the globe to participate with just one click! The EU PVSEC is the world's leading forum for PV Research and Development and the biggest Conference on PV Solar Energy worldwide. That is why PV experts from all around the globe are keen on gathering together each year to be part of this specialist’s event, to present and discuss the latest developments in Photovoltaics, to network and to conduct business.

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