Energy & Power
Canadian Solar completes Good Light sale to BluEarth
By Anthony Capkun
August 21, 2014 – Canadian Solar Inc. reports that its wholly owned subsidiary, Canadian Solar Solutions Inc., has completed the sale of Good Light—a $66-million, 10MW solar power plant located in the town of Kawartha Lakes, Ont.—to a BluEarth Renewables Inc. subsidiary.
“We are pleased to announce the closing of the second utility-scale solar power plant to BluEarth Renewables, a private independent renewable power producer,” said Shawn Qu, chair and CEO of Canadian Solar Inc. “We look forward to continuing our successful cooperation with BluEarth on the remaining two projects and beyond.”
Headquartered in Calgary, Alta., BluEarth is a private independent renewable power producer focused on the acquisition, development, construction and operation of wind, water and solar projects in North America, with a primary focus in Canada. BluEarth says its mission is to be the Canadian renewable energy leader by “developing, building and operating a portfolio that optimizes people, planet and profit”.
“This addition is an important milestone for BluEarth, bringing us one step closer to meeting our target of having more than $600 million of high-quality, long-term contracted hydro, solar and wind assets online by the end of 2015,” said Kent Brown, BluEarth president & CEO. “We look forward to delivery of the remaining two Ontario projects and a continued relationship with Canadian Solar.”
Founded in 2001 in Canada, Canadian Solar Inc. is a vertically integrated global provider of solar modules, specialized solar products and solar power plants.