BluEarth’s purchase of the 8.5 MW Canadian Solar plant in the town of Napanee, Ontario, is the first of four acquisitions that will eventually total 38.5 MW. The three remaining plants are in the Ontarian towns of Kawartha Lakes, Belleville, and Beaverton. Commerical operation for the three remaining plants is scheduled to begin in Q2 2015.
Shawn Qu, chairman and CEO of Canadian Solar, said, "From Canadian Solar’s standpoint, this successful project sale closure allows us to redeploy resources to other projects and to further expand our pipeline, which exceeds 4.5 GW. We continue to focus on higher quality, higher profitability, lower risk projects, which are both attractive to end buyers and give us increased visibility into our business operations beyond 2014."
Turnkey engineering, procurement, and construction services for the four projects will be suplied by Canadian Solar Solutions.
The Chinese-owned Canadian Solar made the news recently when it was selected as the sole PV module supplier for a 2.1 MW solar plant at Delhi International Airport. Quoted at the time, Dr Qu said that the Delhi project was an example of the company’s plans to expand into rapidly growing emerging markets. It was also reported in January that it had completed building a 100 MW solar power plant in China’s Jiangsu Province.