Canadian Solar, a global solar power company, announced its wholly-owned subsidiary, Canadian Solar Solutions, completed the sale of Good Light, a 10 megawatt (MW) AC solar power plant located in the town of Kawartha Lakes, Ontario, Canada.
The deal, valued at more than $60.3 million, to a BluEarth Renewables subsidiary (“BluEarth”). This is the second of four planned solar projects being acquired by BluEarth from Canadian Solar, totalling 38.5 MW AC.
Completing the Good Light project showcases Canadian Solar strength and position as a leading provider of solar energy solutions in Canada. 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.
“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.”