Canadian Solar Solutions Inc., a subsidiary of Canadian Solar Inc., and SkyPower Ltd. have signed an engineering, procurement and construction (EPC) agreement.
As part of the EPC agreement, Canadian Solar Solutions, through SkyPower's power purchase agreements, will commission two solar parks with a nameplate capacity of 18.5 MW in Ontario. SkyPower recently closed financing on these projects with Deutsche Bank.
The first project is a 10.5 MW solar park in Napanee, home to First Light I, SkyPower's first solar project. The second project is an 8.5 MW solar park located in Thunder Bay. The construction of both projects is expected to reach completion by mid-2011.
SOURCE: Canadian Solar Inc.