Canadian Solar Solutions Inc. has agreed to sell four utility-scale solar power plants located in Ontario totaling 40 MWAC to Netherlands-based fund manager DIF Infrastructure. The agreement is subject to usual closing conditions, including the completion of financing for the construction of each solar plant.
Under the agreement, the four solar power plants, which include BeamLight in Georgina, Gold Light in Pefferlaw, Illumination in Scugog and Glenarm in Kawartha Lakes, are expected to start construction shortly, with commercial operation expected in 2014. Approximately 190,000 Canadian Solar CS6X modules will be installed in the four solar power plants.Â
‘Following investments in over 160 MW of solar PV projects in Europe by DIF managed funds, DIF is pleased to announce its first renewable energy investment in North America,’ says Paul Huebener, head of DIF in Canada.