PE-Backed BluEarth closes buy of Little Creek solar power plant
Renewable power producer BluEarth Renewables Inc has completed its purchase of Little Creek, an 8.5 megawatt AC solar power plant, from Canadian Solar Inc. The Little Creek plant, located in Napanee, Ontario, is the first of four planned solar projects being acquired by BluEarth. It is valued at over $53 million. Canadian Solar will provide turnkey engineering, procurement and construction services for all four projects. The Calgary-based BluEarth has been a portfolio company of Canadian private equity firms ARC Financial Corp, Teachers’ Private Capital and other investors since its establishment in 2010.
27 March 2014•5 mins read
