Samsung Renewable Energy and Connor, Clark & Lunn Infrastructure have created a partnership to provide equity funding for the 100-megawatt (MW) Kingston Solar Project, which is among the largest solar projects in North America.
The partners also announced the closing of debt financing for the project, the second large solar project financed jointly by Samsung and Connor, Clark & Lunn Infrastructure in the last year.
Samsung and Connor, Clark & Lunn Infrastructure entered a similar partnership in late 2013 to finance the 100-MW Grand Renewable Solar Project, which is currently under construction.
The project is located in the City of Kingston and Loyalist Township. In the Kingston area, an average of 400 workers will be on-site during construction, including many employees of local subcontractors. Construction is expected to begin soon, with completion anticipated by late 2015.
“Connor, Clark & Lunn Infrastructure is very pleased to be making its second large solar investment with Samsung,” says Matt O’Brien, president of Connor, Clark & Lunn Infrastructure. “The investment is an excellent addition to our growing portfolio of high-quality infrastructure assets.”
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