PE-backed BluEarth acquires SparkleLight solar power plant for $66 mln
BluEarth Renewables Inc has bought SparkleLight, a 10 megawatt AC solar power plant located in Beavertown, Ontario, for about $66 million. The seller in the deal was Canadian Solar Inc, which in 2014 sold its Good Light and Little Creek solar power plants to BluEarth. SparkleLight, Good Light and Little Creek, which together have cost BluEarth a total of $185 million, are three of four planned solar power asset acquisitions from Canadian Solar. Based in Calgary, BluEarth is a renewable power producer focused on North American wind, water and solar projects. In November 2014, the company received $81 million in follow-on funding from existing Canadian investors ARC Financial Corp and Teachers’ Private Capital.
6 January 2015•4 mins read
