Renewable-Energy-Industry.com

Business World of Renewable Energy

IWR Reuters News Center RTL 103 0347 1280 256

Canadian Solar: Fund buys two solar power plants

Guelph, Kanada - Canadian Solar has sold two utility-scale solar power plants totaling 20 megawatts to a fund managed by BlackRock. The valuation is comparable to other recent project sales completed by Canadian Solar on a per megawatt basis in the Ontario market, the company said in a press release on Thursday.

Under the agreement, the two utility-scale solar power plants purchased by BlackRock are located in Demorestville and Odessa, Ontario, Canada. Construction started in the first quarter and third quarter of 2013, with commercial operation expected in the fourth quarter of 2013 and the second quarter of 2014, respectively. Canadian Solar is providing turnkey engineering, procurement and construction services to complete the projects and will provide operations and maintenance services after completion.

The two utility-scale solar power plants are expected to include approximately 95,890 Canadian Solar CS6X modules, which are manufactured with uncompromised quality, durability, performance and value. In addition, the power plants will power approximately 3,340 homes, and will provide emissions free energy to Ontarians over their 20-year operational period covered under the Ontario Power Authority contracts.



Source: IWR Online, 04 Oct 2013

 


Companies