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.