Under the agreement, CSSI will provide TransCanada with nine fully-operational and commissioned utility-scale solar projects across the Province of Ontario which are expected to come into service between late 2012 and mid-2013.
These projects are all contracted assets under Ontario’s Feed-In Tariff Program.
In addition to securing construction finance, CSSI will provide turnkey engineering, procurement and construction services as well as being the supplier of major components to the projects.
All solar PV modules used in the portfolio will be manufactured at Canadian Solar’s manufacturing facility in Guelph, Ontario.
Canadian Solar chairman and CEO Shawn Qu said the agreement with TransCanada is a true achievement for the solar industry in Canada, and an important milestone for Canadian Solar as it continues to expand its total solutions business to promote the expansion of solar power globally.
