TransCanada acquires Ontario Solar Power Plant

[mentalfloss]

TransCanada acquires Ontario Solar Power Plant

CALGARY -- TransCanada Corp. (TSX:TRP) has acquired a solar power generation facility in the New Liskeard region of northwestern Ontario as part of a multi-year agreement with Canadian Solar .

The Liskeard 1 power plant is worth about $60 million according to Canadian Solar (Nasdaq:CSIQ)

The plant has 10 megawatts of generating capacity and a 20-year agreement to sell its output to the Ontario Power Authority.

Canadian Solar, based in Guelph, Ont., makes solar panels used to convert the sun's power into electricity and also builds and sells utility-scale solar electricity projects for investors.

The Liskeard 1 power plant is the eighth acquired by TransCanada under an 2011 agreement with Canadian Solar.

Transcanada acquires 8th Ontario solar power plant | CTV News

 

[petros]

Evil oil is at it again?

You should see Suncor's wind operations which are quite impressive.

 

[mentalfloss]

Yes, they will only become more impressive as they change markets.

 

[petros]

Yes, they will only become more impressive as they change markets.

Markets make the wind blow?

 

[mentalfloss]

Capitalist Confuscius says so.

 

[lone wolf]

Is that the same project to whom Hydro One allegedly owes $21 million?

 

[mentalfloss]

No idea.

Could you fill us in?

 

[lone wolf]

TV news from a week or so ago. Sorry ... can't access most of the internet. Too many ads for half-dead FRED on IE6 and not enough FRED to update (as I learned from FF) Google John Vanthof solar power Temiskaming Shores.

 

[mentalfloss]

Got it.

Thank you sir.


John Vanthof