Oct. 2 (Bloomberg) — TransCanada Corp., the second-largest
Canadian pipeline operator, bought three projects totaling 30
megawatts of capacity from Canadian Solar Inc. for about C$182
million ($163 million).
TransCanada is acquiring three 10-megawatt solar plants,
which have begun generating power, the Calgary-based pipeline
company said today in a statement. The Ontario Power Authority
is buying the electricity under a 20-year contract.
Canadian Solar, based in Guelph, Ontario, in 2011 agreed to
sell four separate facilities to TransCanada, which has invested
almost C$400 million in solar power in the province, according
to the statement.
Enbridge Inc. is Canada’s largest pipeline company by
market value.
To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net
To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Robin Saponar, Jim Efstathiou Jr.