Through this fund, CIM purchased the solar assets of SkyPower Corp. in November 2009, and created a new entity named SkyPower Limited. Among the assets were a 50 percent stake in the 9.1 megawatt First Light energy park—the first operational utility-scale solar energy project in Canada—as well as a pipeline of 50 additional projects representing the potential for more than 500 megawatts of solar power generation nameplate capacity. This project has increased the amount of clean energy available to meet the growing needs of urban communities across distribution grids of customers throughout Canada.