Canadian Solar has sold the 10MW AC Glenarm solar power plant to an affiliate of DIF Infrastructure III (DIF).

The $49m plant, which began commercial operation in November 2014, features Canadian Solar’s CS6X photovoltaic modules.

The sale is the first of four solar projects that is being acquired by DIF. The other developments include Illumination, Beamlight, and GoldLight.

Canadian Solar said the Glenarm plant will sell electricity pursuant to a 20-year Ontario Power Authority feed-in-tariff contract.

Natixis NY Branch, Rabobank Nederland NY Branch and NordLB provided construction and term financing for the project.

Canadian Solar chairman and chief executive officer Shawn Qu said: "The Glenarm power plant further expands Canadian Solar’s contribution to the adoption of solar energy in North America.

"Canadian Solar is especially pleased to work with DIF, given DIF’s dedication and experience with renewable energy projects on a global basis."

DIF has more than 300MW of solar projects under management in North America and Europe.

DIF head of Americas Paul Huebener said: "DIF’s partnership with Canadian Solar provides another high quality solar project to our growing renewable energy portfolio in North America and Europe."