Canadian Solar: Sale of 28.4 MW Solar Plant in the US
GUELPH, Ontario - Canadian Solar Inc. (NASDAQ: CSIQ), one of the world's largest solar power companies, announced that it completed the sale of the 28.4MWp West Antelope Solar Park to Dominion (NYSE: D). The 263-acre Project is located in Los Angeles County on the outskirts of Lancaster, California. The construction of the West Antelope solar power plant generated over 400 jobs between July and November 2014. Canadian Solar supplied 94,340 high performance CS6X-300/305P Quartech photovoltaic (PV) modules. White Construction was the provider of Engineering, Procurement, and Construction services ("EPC"). The total solar system output will be enough to power more than 6,100 homes and to offset a total of 31.5 tons of carbon dioxide.
The culmination of this project represents a two-year development timeline for Canadian Solar, including permitting, entitlement, power execution, and system installation. The 20 year Power Purchase Agreement with PG&E was approved by the California Public Utilities Commission.
"As the largest project that Canadian Solar has developed, built, and sold in the United States, the West Antelope Solar Park represents an important milestone for the company," said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc. "This project showcases the capabilities of our global PV project team in project development and execution, and it also demonstrates that large scale solar PV energy systems can be a significant, viable, and sustainable component of California's energy mix."
About Canadian Solar Inc.
Founded in 2001 in Ontario, Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar has an industry leading and geographically diversified pipeline of utility-scale solar power projects as well as a track record of successful solar deployment boasting over 7 GW of premium quality modules installed in over 70 countries during the past decade. Canadian Solar is committed to providing high-quality solar products and solar energy solutions to customers around the world. For more information about our company, products and projects please visit www.canadiansolar.com.
Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 23,600 megawatts of generation, 10,900 miles of natural gas transmission, gathering and storage pipeline, and 6,400 miles of electric transmission lines. Dominion operates one of the nation's largest natural gas storage systems with 947 billion cubic feet of storage capacity and serves utility and retail energy consumers in 10 states. For more information about Dominion, please visit www.dom.com.
Ed Job, CFA, Director, Investor Relations of Canadian Solar Inc., firstname.lastname@example.org; or David Pasquale of Global IR Partners, +1-914-337-8801, email@example.com
SOURCE: Canadian Solar Inc.