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.