Canadian Solar has finalised the sale of its 10MW(AC) Westbrook array in Ontario to BlackRock, marking its third sale to the world’s largest asset manager.
developed Westbrook, Canadian Solar is currently building the project using its
own modules, and will stay on to provide O&M services. The project is
expected to be brought on line in the second quarter of 2014.
Canadian Solar sold two arrays – Demorestville and Taylor Kidd – totalling 20MW
forward to strengthening our relationship with [Canadian Solar] further,” says
Jim Barry, managing director of BlackRock Infrastructure Investment Group.
Canadian Solar revealed that it supplied modules to PV developer Belectric for
four PV arrays totaling 7.8MW in southern California, which were completed at
the end of 2013.
of arrays were built under Southern California Edison’s small feed-in tariff programme
– known as CREST – for solar projects smaller than 10MW, meaning they had to be
brought on line by the end of 2013.
projects collectively soaked up nearly 26,000 of Canadian Solar’s CS6X 300W
bulge of mega-solar projects underway in the US is completed over the next few
years and states like California get closer to meeting their mid-term
renewables targets, the market for utility-scale PV plants in the US is
expected to shift towards more modest-sized projects.
scale utility power plants represent a sizable opportunity for us,” says
Canadian Solar chief executive Shawn Qu.