Canadian Solar completes 10MW Ontario project sale

Facebook
Twitter
LinkedIn
Reddit
Email

Module manufacturer Canadian Solar’s project development subsidiary has sold a 10MW solar plant to energy provider TransCanada Corporation.

The deal for the Brockville 1 facility, located in Eastern Ontario, was worth C$55 million, according to a statement from Canadian Solar.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The farm is the first of nine, totalling 86MW, that the subsidiary, Canadian Solar Solutions, has agreed to build and sell to TransCanada for around C$470 million.

Shawn Qu, chairman and chief executive of Canadian Solar, said: “This transaction represents an important milestone for Canadian Solar, as it puts us on track to target 50% of our revenue in 2013 from our total solutions business, and to return the company to profitability for the full fiscal year.”

Canadian Solar Solutions will provide engineering, procurement and construction services to all the projects.

All nine of the farms have 20-year power purchase agreements with the Ontario Power Authority, and all of the PV modules used to build them will be manufactured at Canadian Solar's manufacturing facility in Guelph, Ontario.

TransCanada owns or has interests in over 11,800MW of power generation in Canada and the United States, in a variety of sectors.

Canadian Solar is building up its project development side due to the recent overcapacity in the global module market and resultant drop in prices.

Read Next

September 5, 2025
US solar tracker manufacturer Nextracker has launched a new electrical balance of systems (eBOS) trunk connector.
September 5, 2025
Scientists from Germany and Saudi Arabia have discovered that perovskite thin-film cells are compatible with current industry standard silicon solar cells, which they claim is a “crucial step toward the industrialisation of perovskite silicon tandem solar cells”.
September 5, 2025
During a week of major US clean energy developments, ContourGlobal, PSE, Arevon, and Ameren Missouri advanced solar projects across four states in the US.
September 5, 2025
Newly formed firm Solaris Assets has acquired the business operations and assets of Texas-based residential solar installer Sunnova.
September 5, 2025
US solar tracker manufacturer Array Technologies has announced that two of its tracking systems are compatible with 2,000V solar systems.
September 5, 2025
Research firm Rystad Energy has found that Queensland’s utility-scale solar PV power plants have dominated the best-performing assets, in terms of AC capacity factor, rankings for August 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines