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TransCanada takes possession of first Ontario solar power facility

from The Globe and Mail

TransCanada has taken possession of the first of nine Ontario solar power facilities, part of a $470 million transaction it signed in 2011 that expands the company's renewable energy portfolio as it also seeks to ship oil sands-derived crude by pipeline. TransCanada said it expects the remaining projects, which are being constructed by Canadian Solar in southern Ontario as well as the New Liskeard area, will start up over the next year-and-a-half. The first is coming on line about six months after its initial target. more

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