Pioneer Green Energy acquires Logan Gap wind project, agreement reached for Exelon to purchase Integrys Energy Group, AES agrees to purchase equity interest in SYND Holdco Ltd., Canadian Solar Solutions sells solar power plant Goo Light.
Canadian Solar Solutions
Renewable Energy Systems Canada (RES Canada) was selected to construct a 10-MW solar PV facility, GoldLight Solar, for Canadian Solar Solutions. Located in Georgina, Ontario in the Regional Municipality of York, construction of GoldLight Solar will begin in summer 2014 with the facility expected to be fully operational by the end of the year. Once completed, the project will provide electricity to the Ontario Power Authority under a 20-year feed-in-tariff (FIT) contract.
Canadian Solar Solutions completed the sale of Good Light, a 10-MW solar power plant located in the town of Kawartha Lakes, Ontario, Canada, valued at over $60.3 million (USD) to a BluEarth Renewables subsidiary. This is the second of four planned solar projects being acquired by BluEarth from Canadian Solar, totaling 38.5 MW AC.
GE Energy Consulting and the New York Power Authority agree to a license arrangement allowing NYPA to use GE’s MAPS software to perform high-fidelity nodal analysis; NRG acquires Roof Diagnostics Solar, a residential solar company; GE unveils 2.75-120 wind turbine; AEP awards Babcock & Wilcox a contract to provide steam generator services.
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.
SCE&G acquires larger share of VC Summer nuclear project; APS buys SCE's share of Four Corners power plant; Allete (Minnesota Power) acquires from AES 231 MW of wind farms in four states; EdF acquires 194-MW Texas wind project; NRG issues $1.1 billion in bonds; ComEd floats $650 million in two tranches; plus transactions involving TransCanada, Alterra, PSEG, and others totaling $3.4 billion.
Canadian Solar Solutions entered into an agreement with a fund managed by BlackRock, whereby BlackRock will acquire from Canadian Solar the 10 MW Oro-Medonte (Oro) solar power plant. The fourth utility-scale solar power plant purchased by BlackRock is located in the Township of Oro-Medonte and is scheduled to start construction in the first quarter of 2014, with commercial operation expected in the third quarter of 2014. Canadian Solar is providing turnkey EPC services to complete the project and will provide operation and maintenance services after completion.
Renewable Energy Systems Canada (RES Canada) will construct two 10-MW solar PV facilities for Canadian Solar Solutions (Canadian Solar). The Mighty Solar and Taylor Kidd projects qualify for the province's FIT (feed-in-tariff) program and are scheduled for completion in 2014. The electricity from Mighty Solar and Taylor Kidd will be sold under the 20-year feed-in-tariff contract with the Ontario Power Authority.