Canadian Solar sells 9-MW Ontario facility to an affiliate of Concord Green Energy

Canadian Solar (NASDAQ: CSIQ) announced Dec. 21 that its wholly owned subsidiary, Canadian Solar Solutions, completed the sale of the 9-MW (ac) Aria Solar Plant, valued at over C$65.6 million (US$47.2 million), to One West Holdings Ltd., an affiliate of Concord Green Energy.

The Aria plant is located in the Township of Elmvale, Ontario, and consists of 48,528 Canadian Solar MaxPower CS6X-300/310P PV modules. The amount of clean solar energy that the Aria plant will generate is estimated at 15,956 MWh per year, and 277,754 MWh over 20 years.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, said: “We are delighted to complete the sale of Aria LP utility-scale solar power plants to Concord Green Energy. This is the fourth project we have delivered to Concord Green Energy and will be an addition to the portfolio of projects we are providing operations and maintenance services on.”

Founded in 2001 in Canada, Canadian Solar is a leading manufacturer of solar photovoltaic modules and a provider of solar energy solutions. Canadian Solar has a geographically diversified pipeline of utility-scale power projects. In the past 14 years, Canadian Solar has successfully deployed over 12 GW of premium quality modules in over 70 countries around the world.

Concord Pacific created Concord Green Energy to explore and support a variety of zero carbon energy producing projects of scale. Planning for infrastructure needs and requirements of Canadians has always been a cornerstone to Canada’s first urban master-planned community builder, Concord Pacific. Concord Green Energy has projects at various stages of planning, development, and operation across 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.