17.07.2012: Canadian power plant operator Northland Power Inc. has secured financing for the first 60 MW phase of a 130 MW ground-mount project the company is developing under Ontario’s feed-in-tariff program. The $227 million CAD ($224 million) credit facility was provided by Union Bank Canada Branch, Mizuho Corporate Bank Ltd. and CIT Financial Ltd. under an 18-year contract. Total project costs are budgeted at $285 million CAD ($281 million). The first six 10 MW solar parks are expected to begin commercial operations in 2013 – the remaining seven solar parks are due to come on line no later than 2014. Miwel Construction Ltd., a subsidiary of Aecon Group Inc., is providing construction services for the first six projects. … Source: Northland Power Inc.; Summary: PHOTON http://www.northlandpower.ca http://www.marketwire.com/printer_friendly?id=1680440 | 
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