Canadian Manufacturing

TransCanada acquires 8th solar plant in Ontario from Canadian Solar

Liskeard 1 power plant worth about $60 million, has 10 megawatts of generating capacity, according to Canadian Solar

CALGARY—TransCanada Corp. has acquired a solar power generation facility in the New Liskeard region of northeastern Ontario as part of a multi-year agreement with Canadian Solar Inc.

The Liskeard 1 power plant is worth about $60 million, according to Canadian Solar.

The plant has 10 megawatts of generating capacity and a 20-year agreement to sell its output with the Ontario Power Authority (OPA).

Canadian Solar, based in Guelph, Ont., makes solar panels and also builds and sells utility-scale solar electricity projects for investors.

Calgary-based TransCanada is best-known for its North American pipeline business but it’s also active in power generation.

The Liskeard 1 power plant is the eighth acquired by TransCanada under an 2011 agreement with Canadian Solar.

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