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.