The 10MW solar facility, which is scheduled to start construction in the first quarter of 2014, is expected to begin commercial operation in the third quarter of 2014.
The Oro utility-scale solar power plant, which is designed to supply power for about 1,339 homes, will provide emissions free energy to Ontarians over their 20-year operational period covered under the Ontario Power Authority contracts.
Canadian Solar said that the latest deal follows BlackRock’s previously announced acquisition of the Demorestville, Taylor Kidd and Westbrook solar power plants in Ontario.
Canadian Solar chairman and CEO Shawn Qu said the company is pleased to partner with BlackRock to construct four solar power plants and contribute to the growth of clean solar energy in the Ontario market.
"As we look to the future, our backlog of contracted and late-state projects in Canada, Japan, the U.S. and China, gives us good visibility into our results for 2014 and beyond," Qu added.
Image: Canadian Solar to sell 10MW solar power plant to BlackRock. Photo: Courtesy of Naypong/ FreeDigitalPhotos.net.
