Canadian Solar Inc. is adding a 10 MW project to its portfolio of solar plants that it is building and supplying for a project developer.
The subsidiary, Canadian Solar Solutions Inc., has secured an engineering, procurement and construction (EPC) contract operations and maintenance (OM) agreement with Penn Energy Renewables Ltd. The 10-MW project in Ontario brings the total EPC and OM agreement between the two companies to almost 29 MW.
Construction of the newest solar power plant will begin in the fourth quarter of 2012, with the facility expected to be fully operational by the third quarter of 2013. Construction on the previously announced solar power projects, representing almost 19 MW, is underway and expected to be fully operational by the summer of 2013. “Our mission is to provide homes, businesses and schools with solar power that connects directly to existing electrical distribution lines. It is critical to our success that we have a strong EPC partner, which we have found with Canadian Solar,” said Sean McCloskey, Penn Energy Renewables Ltd.
The latest utility-scale solar power project will power approximately 1,462 homes and is expected to prevent approximately 234,440 metric tons of carbon dioxide emissions over the 20-year period, the company said. In addition, the installation will include approximately 46,000 Canadian Solar CS6P high-performance modules.
Canadian Solar, Inc. is a vertically integrated provider of ingots, wafers, solar cells, solar modules and other solar applications.
Penn Energy Renewables Ltd. is the Canadian member of the Penn Group of Companies, which is headquartered outside Philadelphia. Pa. develops, acquires and invests in utility-scale solar farms. In Ontario, Penn Energy Renewables Ltd. has seven executed Feed-in-Tariff (FIT) contracts with the Ontario Power Authority (OPA) for projects with power generation capacity in excess of 60 MW.