Canadian Solar and SkyPower announce EPC agreement for 10.5 MW solar power

Canadian Solar Inc., a solar power company, and SkyPower Limited, a developer of solar energy projects, have announced an engineering, procurement and construction, or EPC, agreement to build a 10.5MW solar plant in Thunder Bay, Ontario.

Once fully operational, the combined total for these projects is approximately 30 MW of nameplate capacity and are expected to create hundreds of new clean energy jobs to further accelerate both the Canadian Solar EPC turn-key business and the successful completion of these SkyPower solar parks in Ontario.

"In continuing with the growth of Canadian Solar and our working partnership withSkyPower, this next collaboration strengthens our position as a leader in turnkey solution providers for utility scale and commercial systems in Ontario," said Dr Shawn Qu, CEO and President of Canadian Solar. "We see great synergy in manufacturing the solar panels and incorporating them into an overall system design to optimize performance and value for our customers while contributing to the reduction of our carbon imprint as a by-product of our joint achievements."

The construction of all three projects is expected to reach completion by third quarter 2011. Together, they are expected to generate approximately 28 million KWh in their first full year of operation and almost 600 million kWh total over the next 20 years. This is equivalent to producing enough electricity to power almost 50,000 homes and a CO2 offset of removing almost 90,000 cars off the road over the initial 20 years of the project.