06.01.2015: Canadian Solar Solutions Inc., a subsidiary of the Chinese-Canadian solar company Canadian Solar Inc., has completed the sale of two 10 MW (AC) PV power plants in Ontario, Canada to Canadian investment fund Renewable Energy Trust Ontario Holdings Inc./Ulc. (RET). The DiscoveryLight and FotoLight PV were sold at »a valuation comparable to other recent project sales completed by Canadian Solar on a per megawatt basis in the Ontario market,« the company said. The two operational plants use Canadian Solar's CS6X-305P modules and will deliver power to local electricity provider Hydro One under a 20-year Ontario Power Authority FIT contract. Canadian Solar handled EPC for the project and will provide O&M services on an ongoing basis. The sale is part of a larger sales agreement under which Canadian Solar will sell a total of three utility-scale solar power plants from its Ontario pipeline to RET. The third 10 MW PV plant, the CityLights project, is scheduled to come online in the first quarter of 2015. In late December, Canadian Solar Solutions completed the sale of a 10 MW solar park to Canadian energy infrastructure company TransCanada Corp. The purchase price was set at $52 million. The Liskeard PV plant is located in New Liskeard, Ontario and is one of nine solar power plants with a combined capacity of 86 MW that Canadian Solar agreed to sell to TransCanada in late 2011. All nine solar parks will benefit from Ontario’s FIT program. © PHOTON http://investors.canadiansolar.com/phoenix.zhtml?c=196781&p=irol-newsA
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