Canadian Solar sells Suffield Solar Project to BluEarth Renewables

Canadian Solar
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Canadian Solar Inc. completed the sale of Suffield Solar Project to BluEarth Renewables. The Suffield Solar Project currently under construction in southeast Alberta will have a capacity of 23 MWac/ 32 MWp and will be among the largest solar photovoltaic (PV) facilities in the province of Alberta. Direct Energy will purchase the electricity from the Suffield facility once it is operational later this year.

Dr. Shawn Qu, Chairman and CEO, Canadian Solar, said: “The Suffield Solar Project proves the notion that private investment coupled with government funding to advance research and new technologies is a win/win for consumers. We have sincerely enjoyed partnering with BluEarth Renewables in the past and are very pleased to have them as the new owner of this landmark project.”

Grant Arnold, President and CEO, BluEarth, said: “We’ve had an excellent, long-standing relationship with Canadian Solar having transacted with them on our very first solar project in 2014. With this acquisition, BluEarth is excited to expand its footprint in southern Alberta. The Suffield project, combined with one other solar project currently under construction, brings BluEarth’s total solar capacity to 187 MWac. We also believe more opportunities are on the horizon, given the favourable market conditions for renewable energy investment in Alberta.”

He added: “With BluEarth’s proven commitment to the clean energy transition, an offtake agreement with leading energy provider Direct Energy, and the support from Natural Resources Canada, the Suffield Solar Project is set to benefit Albertans for years to come.”

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