DIF Infrastructure Fund Buys 10-MW Canadian Solar Project

DIF Infrastructure Fund has acquired the 10-megawatt GoldLight solar-power project in the town of Georgina in Ontario from Canadian Solar Inc.

The purchase price was not disclosed but Canadian Solar the project is valued at CAD$68 million (US$54 million).  The project uses 46,800 of Canadian Solar’s panels.

The plant reached commercial operation at the end of January and will sell electricity to the Ontario Power Authority under a 20-year feed-in tariff contract.

“The GoldLight project represents another attractive addition to DIF’s growing portfolio of North American renewable energy projects.  DIF’s relationship with Canadian Solar has been a key contributor to our expansion,” said Paul Huebener, Head of DIF Americas.

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