Canadian Solar sells 10-MW Ontario project to BluEarth

Canadian Solar (NASDAQ: CSIQ) announced Jan. 6 that wholly owned subsidiary Canadian Solar Solutions completed the sale of SparkleLight, a 10-MW (ac) solar plant to a subsidiary of BluEarth Renewables.

SparkleLight, located in Beavertown, Ontario, is the third of four planned solar plants being acquired by BluEarth from Canadian Solar. The facility is valued at approximately C$66m (US$57m) and uses Canadian Solar’s CS6X-300/305P modules made in Canada.

“BluEarth is pleased to be expanding our renewable energy portfolio with the addition of the SparkleLight facility. This acquisition brings us one step closer to our goal of $1 billion of high-quality operating assets by 2017,” said Kent Brown, President and Chief Executive Officer of BluEarth. “We value our relationship with Canadian Solar and look forward to continuing that relationship with the delivery of the LunarLight facility next year.”

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, said: “We are pleased to announce the closing of the third utility-scale solar power plant to BluEarth Renewables, a private independent renewable power producer.”

Founded in 2001 in Ontario, Canada, Canadian Solar is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions. Canadian Solar said it has an industry leading and geographically diversified pipeline of utility-scale solar power projects as well as a track record of successful solar deployment boasting over 8 GW of premium quality modules installed in over 70 countries during the past decade.

Headquartered in Calgary, Canada, BluEarth is a private independent renewable power producer, focused on the acquisition, development, construction, and operation of wind, hydro, and solar projects in North America, with a primary focus in Canada.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.