Canadian Solar has today agreed to engineer, procure and construct (EPC) the second, 140 MW phase of Samsungs Green Energy Investment Agreement (GEIA) in the Canadian province of Ontario.
The first phase saw Canadian Solar construct the 130 MW Grand Renewable Energy Park in Haldimand County, also in Ontario, as part of the GEIA. This second phase, a 140 MW solar plant, represents the largest EPC agreement in Canadas history, and will generate revenues of C$300 million for Canadian Solar.
Construction on the plant will begin in the third quarter of the year at a site close to the city of Kingston, Ontario, and will be owned and operated by Kingston Solar LP once complete in the third quarter of 2015. An estimated 464,000 Canadian Solar Maxpower CS6X modules will be used in the installation, and the plant will generate 173,000 MWh of solar-powered electricity a year, enough to power 16,409 local households and mitigate the effects of 119,292 metric tons of carbon dioxide emissions.
"We believe that this transaction demonstrates that our proven solar project experience, global reach , as well as strong partner relationships sets Canadian Solar apart as a leading provider of solar energy solutions on a global basis," said Canadian Solar CEO and chairman Shawn Qu.