Under the agreement, Longyuan Canada Renewables will purchase stocks of a 100MW wind farm from Farm Owned Power (Melancthon) in Ontario.
Longyuan was unable to give details of the size of the stake, but said it would be a major shareholder in the 100MW wind farm.
The company said the project will be completed in about two years, but did not elaborate the exact start-time.
There was no indication who the turbine supplier would be. Industry insiders say the turbines will come from western major turbine manufacturers.
Earlier this year, Longyuan signed a worldwide supply agreement with Gamesa to develop projects in North America, Europe and Latin America.
The deal is the first wind-power project one of China’s state-owned power companies has in overseas.
For more, see the upcoming August issue of Windpower Monthly