The contract — going to Ontario-based Canadian Solar Solutions Inc., which has over 12,000 employees worldwide and revenues of $3.4 billion in 2017 — will replace expiring wind power contracts to supply approximately 55 per cent of the government’s annual electricity needs. At an average price of 4.8 cents per kilowatt-hour, the new contract will save the Alberta government $3.9 million per year compared to the expiring contracts and it represents the most cost-effective government procurement of solar power in Canadian history, Environment Minister Shannon Phillips said on Friday.

“This was a process where we went out and said to the market, ‘What can you bring us?’ And the market returned with something historic,” Phillips said. “I believe that this is only the beginning for large-scale solar electricity production here in Alberta.”

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