Canadian Solar Solutions Inc. has completed the sale of the 10 MW Mississippi Mills solar power plant to TransCanada Corp.
Canadian Solar Solutions will provide engineering, procurement and construction services for the Mississippi Mills plant, located in eastern Ontario. The project represents the fourth of nine solar power plants totaling 86 MW that Canadian Solar has agreed to build and sell to TransCanada.
The deal follows the previously announced purchase of Brockville 1, Brockville 2 and Burritts Rapids solar facilities as part of an agreement to purchase nine solar facilities from Canadian Solar in Ontario.
The combined capacity of the nine solar facilities is 86 MW at a total cost of C$500 million. All nine projects have 20-year power purchase agreements with the Ontario Power Authority. TransCanada expects that the remaining five solar projects will come into service by the end of 2014.