New Projects, Renewables, Solar

Ontario solar power project to receive $46.9mn construction loan

Canadian Solar (Nasdaq: CSIQ) will receive up to C$52 million ($46.9 million) from several financial entities to finance construction of a 10 MW solar project in Ontario.

Canadian Solar developed the Glenarm solar power project, which is being acquired by DIF Infra 3 RE Canada (Ltd). The project was awarded a 20-year power purchase agreement by the Ontario Power Authority under Ontario’s Feed-In-Tariff Program.

Subscribe to Power Engineering magazine