Samsung Renewable Energy Inc. is jointly developing a 50-megawatt solar project in Windsor, Ontario with Connor, Clark and Lunn Infrastructure.
The partners also announced the closing of an approximately US$195 million debt financing for the project. Utilizing Ontario-made solar panels and inverters, the Windsor Solar project will produce enough clean energy to meet the needs of approximately 8,500 homes in Ontario each year.
Construction of the project will start immediately, with completion scheduled for late 2016 or early 2017. “Samsung is proud to be working with the Windsor community on the construction of this project,” said Mr. Steve Cho Vice President, Samsung C&T.
“The Windsor Solar project, along with our other projects in the Province, is creating thousands of high-skilled jobs that will benefit real people in this community and across Ontario.”
A 20-year power purchase agreement has been inked with the Independent Electricity System Operator.