August 20, 2014 - Canadian Solar Inc. today announced that its wholly-owned subsidiary, Canadian Solar Solutions Inc., has completed the sale of Good Light, a 10MW AC solar power plant located in the town of Kawartha Lakes, Ontario, Canada, valued at over C$66.0 million ($60.3 million) to a BluEarth Renewables Inc. subsidiary. This is the second of four planned solar projects being acquired by BluEarth from Canadian Solar, totalling 38.5MW AC.
"We are pleased to announce the closing of the second utility-scale solar power plant to BluEarth Renewables, a private independent renewable power producer. 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. 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. 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," said Kent Brown President & CEO of BluEarth. "We look forward to delivery of the remaining two Ontario projects and a continued relationship with Canadian Solar," Brown went on to say.
