Canadian Solar has completed the sale of Good Light, a 10 MW AC solar power plant located in the town of Kawartha Lakes, Ontario, Canada, valued at over C$66.0 million (US$60.3 million) to a BluEarth Renewables Inc. subsidiary (BluEarth). This is the second of four planned solar projects being acquired by BluEarth from Canadian Solar, totaling 38.5 MW AC.
" The completion of this utility-scale solar farm has contributed significantly to job creation in Ontario during the construction and development phase through to the power plant operation and management phase. We look forward to continuing our successful cooperation with BluEarth on the remaining two projects and beyond," said Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc.
"BluEarth is pleased to be further expanding our diversified renewable asset base with the addition of the Good Light Solar facility,” said Kent Brown, President & CEO of BluEarth. “This addition is an important milestone for BluEarth, bringing us one step closer to meeting our target of having more than $600 million of high-quality, long-term contracted hydro, solar and wind assets online by the end of 2015,"