Canadian Solar Inc. has completed the sale to Stonepeak Infrastructure Partners of a utility-scale solar power plant for approximately C$48 million.
As the developer; engineering, procurement and construction contractor; and construction financier, Canadian Solar built the solar power plant, which will power eastern Ontario near the town of Napanee.
Named Canadian Solar 1, the solar installation is now connected to the grid and includes approximately 50,000 Canadian Solar CS6M modules. Canadian Solar also won a 20-year contract to provide operations and maintenance services to Stonepeak for the utility-scale solar power plant.
As project co-developer, AMP Solar Group financed the acquisition of the asset with Stonepeak Infrastructure Partners and The Manufacturers Life Insurance Co.
