ABB, Bondfield to build 100-MW solar plant for Canadian Solar

Nov 5, 2013 - The US unit of Swiss-Swedish ABB Ltd (VTX:ABBN) and partner Bondfield Construction Co Ltd will deliver a 100-MW turnkey solar power plant in Ontario under a contract with Canadian Solar Inc (NASDAQ:CSIQ).

This solar scheme will be part of the Grand Renewable Energy Project for which Canadian Solar got an engineering, procurement and construction (EPC) services contract from Samsung Renewable Energy Inc in June. The larger project will also include a 150-MW wind farm.

ABB Inc will be delivering various power and automation products as well as engineering, electrical installation, commissioning and performance testing services. Bondfield will take care of civil works.

The utility-scale solar power facility is to come on stream in 2015. It will use 440,000 Canadian Solar CS6X modules, made in Ontario, to produce some 165,000 MWh of power annually. According to calculations of the project partners, the solar plant’s output will be enough to cover the electricity needs of around 13,750 households, while offsetting 162,000 tonnes of carbon dioxide (CO2) emissions over its 20-year period life.

Connor Clark & Lunn Infrastructure, a unit of asset management firm Connor, Clark & Lunn Financial Group Ltd, is financing the Grand Renewable Energy Project.

Canadian Solar had previously said it expected to get CAD 310 million (USD 297m/EUR 220m) in revenues from the Grand Renewable solar contract.

(CAD 1.0 = USD 0.957/EUR 0.711)

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