Canadian Solar Inc. announced July 7 that its wholly owned subsidiary, Canadian Solar Solutions Inc., on June 30 completed the sale of the 10-MW (ac) Val Caron solar plant valued at over C$60m to One West Holdings Ltd., an affiliate of Concord Green Energy.
The Val Caron plant is located in the city of Greater Sudbury, Ontario.
“We are excited to have reached another acquisition milestone,” said Cliff McCracken, Senior Vice-President of Concord Pacific. “Solar energy will soon be a significant contributor to our clean power portfolio of projects already in operation across Canada.”
“We are pleased to close the first of five planed solar project sales to Concord Green Energy. This underscores our continued momentum in the Canadian market. Clearly, we continue to leverage our unequalled strength in our home market, where we operate 2 state-of-the-art module manufacturing facilities with a combined capacity totalling 500 MW, and employing over 700 Canadian employees,” said Dr. Shawn Qu, Chairman and CEO of Canadian Solar. “Our utility-scale solar project backlog in Canada now stands at over 570 MW DC, even after considering the 116 MW DC of solar projects we already completed and delivered to end buyers in Ontario.”
Concord Green Energy was created by real estate developer Concord Pacific to explore and support a variety of zero carbon energy producing projects of scale.
Founded in 2001 in Ontario, Canadian Solar is one of the world’s largest and foremost solar power companies. Canadian Solar has a geographically diversified pipeline of utility-scale solar power projects as well as a track record of successful solar deployment boasting over 7 GW of premium quality modules installed in over 70 countries during the past decade.