RET Capital now owns three solar plants constructed by Canadian Solar across the province, totaling more than 40 MW DC of generating capacity.
Power from RET Capital’s CityLights, DiscoveryLight and FotoLight plants is being sold to the Independent Electricity System Operator (IESO) under a 20-year feed-in tariff agreement.
RET Capital chief executive officer and chairman John A. Bohn said: "RET Capital is excited to add this high-quality plant and its long-term energy delivery contracts to our growing portfolio of solar assets in the United States and Canada.
Canadian Solar provided turnkey engineering, procurement, and construction services, and will continue to operate and maintain the plant.
Canadian Solar chairman and chief executive officer Dr. Shawn Qu said: "Canadian Solar has had a long friendship with RET Capital in the renewable energy industry, and the sale of this third plant underscores our successful collaboration with them.
"We believe in our corporate mission and look forward to contributing to the solar landscape in North America."
San Francisco-based RET Capital presently owns utility-scale solar energy plants in Ontario, California, and Georgia.
