Canadian Solar Inc (NASDAQ:CSIQ) on Monday said it has finalised the sale of the 23-MW Suffield solar project in Alberta to BluEarth Renewables.
Once complete, the solar farm will be among the biggest solar systems in the province. The facility, which is already under construction, is expected to start operations later in 2020.
The electricity produced by the Suffield solar park, expected to be enough to supply about 7,300 households a year, will be sold to local energy service provider Direct Energy.
The project won funding through Natural Resources Canada's Emerging Renewable Power Program for its use of Canadian Solar's bifacial modules and single-axis trackers.
The purchase brings BluEarth's solar portfolio capacity to 187 MW.
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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.