Energy & Power
TransCanada adds three Ontario solar facilities to power portfolio
By Alyssa Dalton
October 7, 2014 – TransCanada announced it has acquired three Ontario solar power facilities from Canadian Solar—William Rutley, Liskeard 3 and Liskeard 4—totalling 30MW and valued at about $182 million.
The deal follows the purchase of four solar facilities as part of an agreement with Canadian Solar signed in 2011. Combined, these seven solar facilities are expected to generate enough electricity for more than 12,000 homes.
“As a company, we are proud that we have built a diversified portfolio that includes natural gas and liquids pipelines, as well as emission-less energy sources to meet market needs,” said Russ Girling, TransCanada president and CEO. “These solar acquisitions are an important part of our $38 billion capital program and add 20-year revenue streams in a core geography that are backed by a high quality credit and long-term customer relationship.”