Samsung Renewable Energy and Connor, Clark and Lunn Infrastructure are partnering to provide equity funding for the 50MW Windsor solar farm in Ontario.
The companies also announced the closing of an approximately $195m debt financing for the project.
Construction will begin soon, with completion scheduled for late 2016 or early 2017.
The project has a 20-year power purchase agreement with the Independent Electricity System Operator.
It will also support the local economy with more than $18m in local investment, including funding for community initiatives, a contribution to a Community Vibrancy Fund, and taxes paid to the local municipality.
The project will involve hundreds of workers across Ontario from manufacturing and assembly of solar panels and inverters, to site construction, installation and project operations.
It will use solar panels made by Canadian Solar and inverters made by SMA America.
Samsung C&T vice president Steve Cho said: “The Windsor Solar project, along with our other projects in the Province, is creating thousands of high-skilled jobs that will benefit real people in this community and across Ontario.”
Image: sxc
Samsung partners on 50MW in Ontario
Deal with Connor, Clark and Lunn Infrastructure for Windsor solar
By EBS