$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.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.