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Canadian Solar to build and sell solar projects in U.S., Ontario

Canadian Solar announced several deals for projects in the United States and Canada.

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The solar company, based in Canada but with operations throughout North America, Europe and Asia, provides solar products such as modules and cells but also designs and constructs solar projects.

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Canadian Solar provided modules for two projects recently completed by American solar company GroSolar. The two companies have an agreement by which Canadian solar will provide 8 MW of solar modules from GroSolar projects.

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The completed projects are a 1.8-MW installation for the Camden County Municipal Utility Authority’s wastewater treatment plant in New Jersey and a 1.5-MW installation at Longwood Gardens in Kennett Square, Pennsylvania.

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The combined production of both plants is expected to be around 4.95-kilowatt hours of energy or enough to offset approximately 3,712 tons of carbon emissions per year.

A third GroSolar project is currently under construction in Lancaster County, Pennsylvania. The 6-MW installation was designed to support both farmland preservation and agricultural soil restoration in Lancaster and it will be the largest solar installation in the state.

Meanwhile, back in Canada, subsidiary Canadian Solar Solutions Inc., has closed an 18.7 MW AC turnkey engineering, procurement and construction contract for two new solar energy farms in Ontario.

The two projects – for Penn Energy Renewables Ltd. – are expected to begin construction by third quarter of 2012 and to be fully operational in the summer of 2013. Canadian Solar also has an operations and maintenance agreement for these farms.

While the individual generation capacity of the two installations was not specified, the two are expected to produce enough electricity in total to power approximately 2,600 homes, preventing 432,000 metric tons of carbon dioxide emissions over a 20-year period.

Canadian Solar has also sold a utility-scale solar power plant in Ontario, Canadian Solar 1, to Stonepeak Infrastructure Partners for around $48.4 million.

Canadian Solar 1, located in eastern Ontario near the town of Napanee, is now connected to the grid and has the capacity to provide power for more than 1,200 homes.

Canadian Solar and Stonepeak have also signed a 20-year contract to provide operations and maintenance services for the plant.

Project co-developer AMP Solar Group financed the acquisition of the asset with Stonepeak Infrastructure Partners and the Manufacturers Life Insurance Company. – EcoSeed Staff

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