Canadian Solar 140MW Ontario deal
Canadian Solar has locked up a C$300m ($280m) turnkey deal to build the 140MW Kingston solar farm in Ontario for Samsung Renewable Energy.
Construction of the utility-scale PV project – set to Canada's largest – will kick off in the third quarter, with switch-on slated for autumn 2015.
"We believe that this transaction demonstrates that our proven solar project experience, global reach as well as strong partner relationships sets Canadian Solar apart as a leading provider of solar energy solutions on a global basis, positioning us well to participate in the expected growth of solar energy deployment in the quarters and years ahead," says chief executive Shawn Qu.
The Kingston development, which will use 464,000 Ontario-made Canadian Solar Maxpower CS6X high-performance modules, will produce some 173GWh of electricity a year to power over 16,000 homes.
The EPC job is the second phase of Samsung's Green Energy Investment Agreement (GEIA) plan in Ontario, led off by the 130MW Grand Renewable Energy Park launched last year.
Some 700 manufacturing jobs will be created at Canadian Solar's manufacturing facilities in London and Guelph.