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KKR & Co. to acquire Ontario solar projects from Starwood Energy affiliate

KKR announced the acquisition of three solar photovoltaic energy projects from an affiliate of Starwood Energy Group. Terms of the transaction were not disclosed. Located in Sault Ste Marie, Ontario, SSM Solar has a total capacity of 69MWdc and 60MWac, representing one of the largest PV facilities in North America and the second largest in Canada. SSM Solar is fully contracted to sell its energy output to the Ontario Power Authority under 20-year power purchase agreements entered under the authority’s Renewable Energy Standard Offer Program. SSM Solar powers approximately 7,000 households.