TransCanada Corporation acquired the eighth Ontario solar facility from Canadian Solar Solutions Inc. The newly built Liskeard 1 facility has a generating capacity of 10-megawatts and is located in northeastern Ontario in the New Liskeard region.
The acquisition of Liskeard 1 is part of a larger purchase agreement with Canadian Solar signed in 2011, bringing TransCanada’s investment in its Ontario solar program to over $450 million. The new facility has now started generating electricity under a 20-year power purchase agreement with the Ontario Power Authority.
TransCanada was represented by Sybil Johnson-Abbott at Borden Ladner Gervais LLP.
Fogler, Rubinoff LLP represented Canadian Solar Solutions with a team that included Michael Slan, Karen Rosen, Sabrina Nardone and Brian Gosse.