Canadian Solar, one of the world’s largest solar power companies, announced its wholly-owned subsidiary, Canadian Solar Solutions, has entered into an engineering, procurement, and construction (EPC) agreement with Kingston Solar LP, a solar energy project developed by Samsung Renewable Energy (Samsung) for the construction of a 140 MW DC utility-scale solar energy farm.
The EPC agreement is expected to generate revenue of more than $281.3 million for Canadian Solar. The construction of the utility-scale solar energy farm will begin in the third quarter of 2014 and is expected to be fully operational in the third quarter of 2015.
This is Canadian Solar’s second EPC agreement in connection with a solar project developed by Samsung and represents Phase II of Samsung’s Green Energy Investment Agreement (GEIA) solar project development in Ontario, which totals 300 MW AC. This follows the Phase I agreement announced on June 10, 2013, for Canadian Solar to build the 130 MW DC Grand Renewable Energy Park in Haldimand County.
This 140 MW DC utility-scale solar farm will produce approximately 173,000 MWh of electricity per year and power approximately 16,409 Canadian homes. It will also contribute to a cleaner environment by displacing approximately 119,292 metric tons of carbon dioxide emissions annually.
In addition, this project supports more than 700 manufacturing jobs at Canadian Solar manufacturing facilities in London and Guelph. The Kingston solar farm will include more than 464,000 Ontario-made Canadian Solar Maxpower CS6X high-performance modules, which have undergone rigorous formal inspection, testing and certification. This solar farm is expected to create several hundred new green energy jobs during the construction, development and operation phases of the project life cycle.