Canadian Solar sells further PV power plants in North America
Post date: 06/01/2014
Chinese-Canadian solar company Canadian Solar Inc. has completed the sale of a 10 MW (AC) PV project in Ontario to Canadian energy infrastructure company TransCanada Corp. The value of the project, located in Mississippi Mills, Eastern Ontario, was put at over 61 CAD ($57.3 million). The Mississippi Mills project is one of nine solar power plants totaling 86 MW (AC) that Canadian Solar has agreed to build and sell to TransCanada for 500 million CAD. Including the Mississippi Mills project, Canadian Solar has now completed the sale of four of the nine projects to TransCanada.
In late December, Canadian Solar announced it had also sold two PV power plants totaling 3 MW (AC) in California to PSEG Solar Source, a subsidiary of US energy company Public Service Enterprise Group (PSEG). The two plants, now joined together and called the PSEG Shasta Solar Farm, have a 20-year power purchase agreement with California utility Pacific Gas & Electric. Construction of the two power plants began in July 2013, and commissioning is scheduled for early 2014. The Shasta Solar Farm is PSEG’s seventh utility-scale solar project and its first on the West Coast.