Canadian Solar has received the engineering, procurement, and construction contract for the completion of the Oakey 2 Solar Farm in Queensland, Australia.

In addition, the company will provide operations and maintenance services for the initial two years following the completion of the project.

Furthermore, the Australian Government-owned bank Clean Energy Finance Corporation (CEFC) has agreed for a facility commitment for the Oakey 2 Solar Farm.

The bank has funded approximately A$55m (US$42.8m) for a 70MWp facility, which is part of the aggregate 117MWp solar portfolio sale to Foresight Solar Fund Limited (FSFL), an independent infrastructure and private equity investment firm

Canadian Solar CEO & chairman Dr Shawn Qu said: “We are pleased to partner with FSFL and the CEFC on extending our integrated business across the solar value chain in Australia’s clean energy sector.

“With a pipeline exceeding 1,000MW of early to late-stage developments across four states (Queensland, New South Wales, Victoria and Western Australia), we continue to commit to a sustainable clean energy future for Australia.”

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The farm, powered by 205,860 Canadian Solar KuMax CS3U-340P solar panels, is expected to reach commercial operation in November this year.

The project will generate approximately 138,800MWh of clean solar power per year supporting nearly 23,000 residences in Queensland.

The finance corporation has provided non-recourse project finance to Canadian Solar for each of its Oakey 1 Solar Farm, Longreach Solar Farm and Oakey 2 Solar Farm projects.

Both the Oakey 1 and Oakey 2 solar farms will be connected to the Queensland power grid through a shared transmission line, funded by CEFC.

Established in 2001, Canadian Solar manufactures solar photovoltaic modules and has a pipeline of utility-scale power projects in various stages of development.