PE-backed BluEarth buys Good Light solar power plant for $66 mln

BluEarth Renewables Inc has bought Good Light, a 10 megawatt AC solar power plant located in Ontario's Kawartha Lakes region, for more than $66 million. The seller in the transaction was Canadian Solar Inc, which earlier this year also sold its Little Creek solar power plant to BluEarth for $53 million. Good Light and Little Creek are two 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. It has been a portfolio company of Canadian private equity firms ARC Financial Corp and Teachers’ Private Capital and other investors since 2010.

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