Toronto: TransCanada Corporation announced October 2 that it has acquired three additional Ontario solar power facilities from Canadian Solar Solutions Inc.
Each of the newly built facilities has a generation capacity of 10-megawatts with Liskeard 3 and 4 both located in the New Liskeard region and William Rutley located east of Ottawa.
The three new facilities were completed at a cost of approximately $182 million, bringing TransCanada's investment in its Ontario solar program to almost $400 million. The William Rutley project, located in the town of Ingleside, closed on September 29, followed by Liskeard 3 & 4 in the town of Temiskaming Shores on September 30.
The three new projects have now started generating electricity under 20-year power purchase agreements with the Ontario Power Authority. The deal follows the previously announced purchase of four solar facilities as part of an agreement with Canadian Solar signed in 2011. Combined, these seven solar facilities are expected to generate enough electricity for more than 12,000 homes.
In addition, TransCanada has recently signed a host community agreement with the Town of Greater Napanee where the company expects to receive final permits by the end of 2014, with construction of a 900MW natural gas-fired combined cycle power plant to begin in early 2015. The Napanee Generating Station is fully contracted for 20 years with the Ontario Power Authority and is expected to be in service in 2017 or 2018.
To date, the company has invested over $5 billion in “emission-less energy sources” including the largest wind farm in New England, 13 hydro power facilities in New Hampshire, Massachusetts and Vermont, the Ontario solar projects, and Canada's largest wind farm development located in Quebec. TransCanada is also a partner in Bruce Power, which it describes as “Canada's first private nuclear generator that currently produces 6,200 MW of emission-less electricity in Ontario.” TransCanada also specializes in building efficient natural gas-fired power plants.
Each of the newly built facilities has a generation capacity of 10-megawatts with Liskeard 3 and 4 both located in the New Liskeard region and William Rutley located east of Ottawa.
The three new facilities were completed at a cost of approximately $182 million, bringing TransCanada's investment in its Ontario solar program to almost $400 million. The William Rutley project, located in the town of Ingleside, closed on September 29, followed by Liskeard 3 & 4 in the town of Temiskaming Shores on September 30.
The three new projects have now started generating electricity under 20-year power purchase agreements with the Ontario Power Authority. The deal follows the previously announced purchase of four solar facilities as part of an agreement with Canadian Solar signed in 2011. Combined, these seven solar facilities are expected to generate enough electricity for more than 12,000 homes.
In addition, TransCanada has recently signed a host community agreement with the Town of Greater Napanee where the company expects to receive final permits by the end of 2014, with construction of a 900MW natural gas-fired combined cycle power plant to begin in early 2015. The Napanee Generating Station is fully contracted for 20 years with the Ontario Power Authority and is expected to be in service in 2017 or 2018.
To date, the company has invested over $5 billion in “emission-less energy sources” including the largest wind farm in New England, 13 hydro power facilities in New Hampshire, Massachusetts and Vermont, the Ontario solar projects, and Canada's largest wind farm development located in Quebec. TransCanada is also a partner in Bruce Power, which it describes as “Canada's first private nuclear generator that currently produces 6,200 MW of emission-less electricity in Ontario.” TransCanada also specializes in building efficient natural gas-fired power plants.