“This transaction is GE Energy Financial Services' first solar investment in Canada, broadening our US $6-billion renewable energy portfolio and supporting our strong partnership with Plutonic,” GE Energy Financial Services Managing Director Mark Tonner said in a statement.
“We see significant growth potential for solar power worldwide, which continues to improve on technology costs and efficiencies, and helps balance wind-generated power, which peaks at different times.”
Vancouver-based Plutonic said the facilities together will generate enough electricity to power 6,300 Ontario homes.
The sale was the second major news Tempe, Ariz.-based First Solar made, after the company announced it will collaborate with the state-owned China Guangdong Nuclear Solar Energy Development Co. on a solar photovoltaic plant in the Chinese coal-mining city of Ordos.