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Utility scale PV plant grid connected in Ontario, Canada

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Atlantic Wind & Solar, Inc.  has added another utility scale solar plant to the grid in Ontario, Canada.
Utility scale PV plant grid connected in Ontario, Canada

The photovoltaic plant was developed by its Canadian subsidiary Atlantic Solar Inc. It consists of a 130 KW AC / 137.25 KW DC fixed array of 450 multi-crystalline modules at 305W each.

The power will be sold to the Ontario Power Authority at a rate of 71.3 cents per Kwh for 20 years.

Atlantic Wind and Solar is a developer of utility scale renewable energy plants with over 750 MW's of projects at various stages of development in Canada, South America and the Caribbean.

In other Canadian renewables news, Canadian Solar Inc. has signed a $250 million loan agreement with China Minsheng Bank.

The loan facility has a three-year maturity and will be used to partially finance the acquisition of Recurrent Energy LLC and the construction of the utility-scale solar projects in USA.

"We are very delighted to receive this loan facility from China Minsheng Bank, a large commercial bank in China. Our ability to get support from both international and Chinese financial institutions is a testament to Canadian Solar's position as a global leader in the utility-scale solar energy business," said Shawn Qu, Chairman and Executive Officer of Canadian Solar.

"We look forward to continuing our cooperation with Minsheng Bank and other financial institutions to fund our profitable growth," Qu said.

For additional information:

Atlantic Wind & Solar, Inc.

Canadian Solar Inc.

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