$195 million financing secured for 50 MW Ontario solar project


The 50 MW Windsor Solar plant will be located in Ontario, Canada, when complete in either late 2016 or early 2017. Construction is slated to start "soon" on the project said Connor, Clark and Lunn Infrastructure, which will employ PV panels, from Canadian Solar, and SMA inverters, both of which will be manufactured in Ontario.

The company has joined forces with Samsung to close CA$195 million in debt financing for the project, in addition to providing an undisclosed amount of equity funding. When complete, the generated energy – thought to be enough to supply 8,000 homes – will be sold under a 20 year PPA with the Ontario Independent Electricity System Operator (IESO).

"… the Windsor Solar project will support the local economy with more than $18 million in local investment, including significant funding for community initiatives, a contribution to a Community Vibrancy Fund, and taxes paid to the local municipality," said Connor, Clark and Lunn Infrastructure.