Canadian Solar sells newly-completed Ontario project to DIF Infrastructure III

Canadian Solar (NASDAQ: CSIQ) on March 30 announced the sale of the 10-MW (ac) GoldLight solar power plant in Canada to an affiliate of DIF Infrastructure III.

This plant is valued at over C$68 million (US$54 million) and uses approximately 46,800 of Canadian Solar’s CSX6-300|305|310P panels. The GoldLight plant is located in the Town of Georgina in Ontario, Canada. It reached commercial operation on Jan. 30, 2015, and will sell electricity under a 20-year Ontario Power Authority feed-in tariff contract.

“The GoldLight project represents another attractive addition to DIF’s growing portfolio of North American renewable energy projects. DIF’s relationship with Canadian Solar has been a key contributor to our expansion,” said Paul Huebener, Head of DIF Americas.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, said: “We are pleased to announce the completion of the GoldLight power plant sale, one of several transactions between Canadian Solar and DIF.”

Founded in 2001 in Canada, Canadian Solar is a leading manufacturer of solar photovoltaic modules and a provider of solar energy solutions. In the past 14 years, Canadian Solar has successfully deployed over 9 GW of premium quality modules in over 70 countries around the world.

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.