The project, completed last May by Q.Cells North America, is comprised of three plants. The generated electricity, which powers around 7,000 households, is being bought by the Ontario Power Authority under a 20 year contract. EDF Renewable Energy, meanwhile, is in charge of operations and maintenance.
SSM is Canada’s second larget photovoltaic project, behind the 80 MW Sarnia Solar Project.
"When it comes to infrastructure, renewable energy is one of our top priorities; not only is the sector a critical part of energy supply diversity, but these investments can also provide investors with highly predictable long-term income streams," stated Raj Agrawal, KKR’s Head of North American Infrastructure.
The financial details of the transaction were not disclosed.