News
2021-01-15
GUELPH, ON, Jan. 5, 2021 /PRNewswire/ — Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ) today announced it has sold an ownership interest in its Hays and Jenner solar projects to BluEarth Renewables (“BluEarth”). BluEarth will also assume management responsibilities of the projects. Located in southeast Alberta, both projects are 31 MWp (23 MWAC) in size. The projects are co-owned by Conklin Métis Local 193, an indigenous community based in the rural hamlet of Conklin and part of the Athabasca Oil Sands region in eastern Alberta. Both projects are expected to start commercial operation in 2021.
“This is our third transaction with BluEarth and given their strong Alberta presence and deep experience in operating and maintaining large-scale clean energy projects, we believe they are the right owners for the Hays and Jenner solar projects. These projects together will generate clean electricity for tens of thousands of Alberta homes each year,” said Dr. Shawn Qu, Chairman and CEO of Canadian Solar. “We thank BluEarth for their continued trust and for seeing the value that these best-in-class solar projects will provide to their customers and to the citizens of Alberta, furthering a leadership role in the clean energy transition.”
“Alberta is home to some of the best solar power resource in Canada and we look forward to bringing these projects to market with our partner, Conklin Métis Local 193,” commented Grant Arnold, President and CEO of BluEarth. “As we exit 2020, we’re pleased this transaction came together with Canadian Solar, expanding BluEarth’s solar portfolio in southern Alberta and bringing our combined solar capacity to 233 MWAC (183 MWAC net).”
“Conklin Métis Local 193 congratulates Canadian Solar on the sale of its interest. We look forward to working with BluEarth in moving ahead with the Hays and Jenner projects,” commented Shirley Tremblay, President of Conklin Métis Local 193.
The Hays and Jenner solar projects will use Canadian Solar’s bifacial modules and single-axis trackers, further commercializing this technology in Canada after being first deployed on Canadian Solar’s Suffield Solar Project, which is now owned by BluEarth.
For more information about the Hays and Jenner solar projects, please visit BluEarth’s website.
Recurrent Energy is a leading utility-scale solar and storage project developer, delivering competitive, clean electricity to large energy buyers. Based in the U.S., Recurrent Energy is a wholly owned subsidiary of Canadian Solar Inc. and functions as Canadian Solar’s U.S. project development arm. Recurrent Energy has approximately 5 GW of solar and storage projects in development in the U.S. Additional details are available at www.recurrentenergy.com.
BluEarth Renewables brings together extraordinary people with the power to change the future™ by delivering renewable energy to the power grid every day. We are a leading, independent, power producer that acquires, develops, builds, owns and operates wind, hydro and solar facilities across North America. Our portfolio includes 418 MW net (513 MW gross) of nameplate capacity in operation and under construction and over 2,000 MW under development. For more information, visit bluearthrenewables.com or follow us on Twitter, LinkedIn and Facebook.