Two of Canada's biggest solar energy companies have signed an agreement that will bring 18.5 MW of solar energy generation to Ontario, Canada.
One of the world's largest solar companies, Canadian Solar Inc. (Nasdaq: CSIQ) has partnered with Canada's largest solar energy owner and developer SkyPower Limited on two solar projects expected to be completed mid-2011. Dubbed First Light I, with a generating capacity of 10.5 MW the first project, located in Napanee, will be "Canada's first fully operational solar park." Thunder Bay will be home to the second project which will generate 8.5 MW.
When complete, the projects will combine to produce enough electricity to power 33,000 homes and reduce the carbon footprint equivalent to removing 60,000 vehicles over 20 years.
The two companies are confident that these projects will result in the creation of jobs and further drive the solar industry to a level where its prices can compete with "electricity generated by oil, gas, hydro or nuclear plants".
"This agreement with Canadian Solar is an important milestone for both our companies and a direct result of the Province of Ontario's efforts to create a world-leading market for renewable power," said Kerry Adler, President and Chief Executive Officer of SkyPower Limited. "
Agreements such as these are expected to create hundreds of new green energy jobs for Ontarians enhancing the solar industry's positive direction for a more sustainable environment for future generations."
Read the press release at CanadianSolar: Canadian Solar Inc. and SkyPower Limited Announce 18.5MW Engineering, Procurement and Construction Agreement for Solar Projects in Ontario, Canada
Image Credit: dealiffe via Flickr.
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