Canadian Solar sells 10 MW solar power plant for $48.4 mn

By Editor


Canadian Solar announced the sale of the 10 MW AC (14 MW DC) Illumination solar power plant to an affiliate of DIF Infrastructure III for $48.4 million.

The solar power plant, which reached commercial operation on November 13, 2015, consists of approximately 47,448 Canadian Solar MaxPower CS6X-300/310P PV modules and is located in Scugog, Ontario.

The solar plant will sell electricity pursuant to a 20-year Independent Electricity System Operator feed-in-tariff contract.

The amount of clean solar energy that the Illumination plant will generate is estimated at 17,892 MWh per year, and 344,697 MWh over 20 years. The amount of carbon dioxide that will be displaced during the system’s 20 year lifetime is approximately 237,686 metric tons, equivalent to taking approximately 50,000 cars off the road for one year.

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