Canadian Solar (NASDAQ: CSIQ) on Feb. 4 announced that its wholly owned subsidiary, Canadian Solar Solutions, has secured contracts to supply 50 MW AC (60 MW DC) of MaxPower CS6X Ontario-made solar panels and 30 medium voltage power stations for the Southgate Solar facility.
This utility-scale solar project, developed by Samsung Renewable Energy and Connor, Clark & Lunn Infrastructure, will be built in the Township of Southgate, County of Grey, Ontario. The project is expected to produce approximately 86,500 MWh of electricity per year and sell its power over the 20-year period of a power purchase agreement with the Ontario IESO.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, said: “We are pleased to announce the addition of the Southgate Solar Project to Canadian Solar’s Ontario project portfolio. By combining our advancements in solar innovation with Samsung and CC&L Infrastructure, this facility highlights the power and potential of clean energy 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 12 GW of premium quality modules in over 70 countries around the world.
Samsung Renewable Energy, together with its partners, is making a $5 billion investment in Ontario to create the world’s largest cluster of wind and solar power.
Connor, Clark & Lunn Infrastructure invests in middle-market infrastructure and infrastructure-like assets with highly attractive risk-return characteristics, long lives and the potential to generate stable cash flow. It is a part of Connor, Clark & Lunn Financial Group Ltd., a multi-boutique asset management firm whose affiliates collectively manage over $63 billion in assets.