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TransCanada Expands Renewable Energy Portfolio, Acquires Brockville 1 Solar Facility

TransCanada Expands Renewable Energy Portfolio, Acquires Brockville 1 Solar 
Facility 
TORONTO, ONTARIO -- (Marketwired) -- 07/02/13 -- TransCanada
Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today announced it has
completed the acquisition of the first of nine Ontario solar power
facilities from Canadian Solar Solutions Inc. The combined capacity
of the nine projects is 86 megawatts (MW) and the cost of the
portfolio will be approximately $470 million.  
TransCanada anticipates the remaining eight projects will come into
service by the end of 2014. They will complement TransCanada's
existing operations in Ontario where it has become the largest
independent power producer in the province. The renewable energy
produced from these projects will be sold to the Ontario Power
Authority under a series of 20-year power purchase agreements. 
"We are pleased that we have now acquired the first of nine solar
power facilities as we continue to expand our emission-less portfolio
and help modernize and transform Ontario's power facilities," said
Russ Girling, TransCanada's president and chief executive officer.
"One-third of the power we provide to North American consumers today
comes from carbon-free energy sources and, as our solar facilities
begin to come online, we are able to provide more diversity to our
electricity supply mix." 
In addition to building safe and efficient pipelines and power
plants, TransCanada is actively working towards solutions for a less
carbon-intense future. To date, the company has invested over $5
billion in emission-less energy sources, including the largest wind
farm in New England and its thirteen hydro power facilities in New
Hampshire, Massachusetts and Vermont along with solar and wind
developments in Canada. TransCanada is a partner in Bruce Power,
Canada's first private nuclear generator that currently produces
6,300 MW of emission-free electricity in Ontario. TransCanada also
specializes in building highly efficient natural gas-fired power
plants that are helping North America's transition to a less
carbon-intensive electricity supply mix.  
TransCanada continues to progress a $26-billion portfolio of
commercially secured projects and advance other value creating
opportunities in our energy, oil and natural gas lines of business in
Canada, the U.S. and Mexico.  
Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world's largest
solar companies. As a leading vertically integrated provider of
ingots, wafers, solar cells, solar modules and other solar
applications, Canadian Solar designs, manufactures and delivers solar
products and solar system solutions for on-grid and off-grid use to
customers worldwide. With operations in North America, Europe,
Australia and Asia, Canadian Solar provides premium quality,
cost-effective and environmentally friendly solar solutions to
support global, sustainable development. For more information, visit
www.canadiansolar.com. 
With more than 60 years' experience, TransCanada is a leader in the
responsible development and reliable operation of North American
energy infrastructure including natural gas and oil pipelines, power
generation and gas storage facilities. TransCanada operates a network
of natural gas pipelines that extends more than 68,500 kilometres
(42,500 miles), tapping into virtually all major gas supply basins in
North America. TransCanada is one of the continent's largest
providers of gas storage and related services with more than 400
billion cubic feet of storage capacity. A growing independent power
producer, TransCanada owns or has interests in over 11,800 megawatts
of power generation in Canada and the United States. TransCanada is
developing one of North America's largest oil delivery systems.
TransCanada's common shares trade on the Toronto and New York stock
exchanges under the symbol TRP. For more information visit:
www.transcanada.com or check us out on Twitter @TransCanada or
http://blog.transcanada.com.  
FORWARD LOOKING INFORMATION 
This publication contains certain information that is forward-looking
and is subject to important risks and uncertainties (such statements
are usually accompanied by words such as "anticipate", "expect",
"would", "will" or other similar words). Forward-looking statements
in this document are intended to provide TransCanada security holders
and potential investors with information regarding TransCanada and
its subsidiaries, including management's assessment of TransCanada's
and its subsidiaries' future financial and operation plans and
outlook. All forward-looking statements reflect TransCanada's beliefs
and assumptions based on information available at the time the
statements were made. Readers are cautioned not to place undue
reliance on this forward-looking information. TransCanada undertakes
no obligation to update or revise any forward-looking information
except as required by law. For additional information on the
assumptions made, and the risks and uncertainties which could cause
actual results to differ from the anticipated results, refer to
TransCanada's Quarterly Report to Shareholders dated April 25, 2013
and 2012 Annual Report filed under TransCanada's profile on SEDAR at
www.sedar.com and with the U.S. Securities and Exchange Commission at
www.sec.gov and available on TransCanada's website at
www.transcanada.com.
Contacts:
TransCanada Media Enquiries:
Shawn Howard/Grady Semmens
403.920.7859 or 800.608.7859 
TransCanada Investor & Analyst Enquiries:
David Moneta/Lee Evans
403.920.7911 or 800.361.6522
 
 
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