Canada

Canadian Solar Completes the Sale of Little Creek Solar Power Plant to BluEarth

Canadian Solar Solutions completed the sale of Little Creek, an 8.5-MW solar power plant valued at over C$53.0 million ($47.95 USD), to a BluEarth Renewables subsidiary (BluEarth). This is the first of four planned solar projects being acquired by BluEarth from Canadian Solar, totaling 38.5 MW. The additional three utility-scale solar power plants being purchased by BluEarth, which are planned to reach commercial operation through Q2 2015, are located in Kawartha Lakes, Belleville and Beaverton, Ontario, Canada.

UNS Energy Agrees to Be Acquired by Fortis Utility Group

UNS Energy approved a definitive merger agreement with Fortis, Canada’s largest investor-owned gas and electric distribution utility, that calls for Fortis to acquire all of the outstanding common stock of UNS Energy for $60.25 per share in cash. The $4.3 billion transaction, which includes the assumption of approximately $1.8 billion in debt, would provide additional capital and new resources for UNS Energy’s subsidiaries, including Tucson Electric Power (TEP) and UniSource Energy Services (UES).

IKEA to Acquire 46 MW Wind Power Farm in Canada

Mainstream Renewable Power has closed a deal to sell its 46-MW Oldman 2 Wind Farm, located in Alberta Canada, to IKEA. Mainstream has commenced construction of the project at a cost of approximately CAD$90m and it is expected to be operational in the autumn of 2014 at which point IKEA will purchase the plant. As part of the deal Mainstream will continue to operate and maintain the wind farm on behalf of IKEA for its lifespan.

Atlantic Wind & Solar Begins Construction on Portfolio 101, Rooftop PV Assets in Ontario

Atlantic Wind and Solar began construction on portfolio 101 representing 12 utility scale rooftop solar PV assets in Ontario, Canada. The utility scale projects, comprising 12 commercial buildings in Mississauga and Brampton in Ontario, represent 1.582 MW AC and approximately 1.9 MW DC of peak power production. Capital cost on the projects are approximately CAD $9.5 million.

TC PipeLines Buys Into U.S., Canadian Gas Capacity

TC PipeLines (TCP) (the Partnership) entered into agreements to acquire an additional 45 percent interest in each of Gas Transmission Northwest LLC (GTN) and Bison Pipeline LLC (Bison) from TransCanada Corporation for an aggregate purchase price of $1.05 billion. The GTN pipeline system transports Western Canadian and Rocky Mountain natural gas for large utilities, producers and marketers in Washington, Oregon, Nevada and California.

ABB to Upgrade HVDC Converter Station

NB Power awarded a contract to ABB to upgrade to the Eel River high-voltage direct current (HVDC) converter station, located near Dalhousie, New Brunswick. The bidirectional station transfers up to 350 MW and is one of two facilities allowing power exchange between New Brunswick and Quebec, providing access to Maritime and New England markets.