The Globe and Mail reports in its Thursday edition that Mytilineos SA is launching a $1.7-billion solar-energy project in Alberta that it says will be the largest of its kind in Canada. The Globe's Eric Reguly writes that Mytilineos says the investment actually consists of five projects, two of which are nearing the "ready to build" stage and should receive regulatory approvals shortly, allowing construction to begin by the end of this year. All five projects should be fully operational by the end of 2026. Once finished, the entire project will have 1.4 gigawatts of capacity, enough to power 200,000 homes. Mytilineos is backed by Toronto's Fairfax Financial Holdings, led by Prem Watsa, which first bought into the Greek company in 2012 and has since increased its ownership to 4.7 per cent, making it the second-biggest shareholder, after Evangelos Mytilineos, the company's chairman and chief executive officer, who owns 27 per cent. Mr. Reguly says Fairfax has an option to take its ownership to 6.4 per cent. Mr. Mytilineos says: "Business conditions in Canada in general are good, and we feel more comfortable there than in the United States. Canada feels more like Europe to us."