TransCanada Energy Ltd. acquires its eighth Ontario solar facility from Canadian Solar Solutions Inc.

Date Closed: 12/23/2014

Value: Approx. C$60 million

On December 23, 2014,  TransCanada Corporation (TransCanada) acquired the eighth Ontario solar facility from Canadian Solar Solutions Inc. (Canadian Solar). 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.

BLG represented TransCanada with a team led by Sybil Johnson-Abbott.