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Canadian Solar completes the sale of two solar plants to TransCanada

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The two plants are part of a portfolio that the company has agreed to build and sell to TransCanada
Canadian Solar completes the sale of two solar plants to TransCanada

Canadian Solar subsidiary Canadian Solar Solutions Inc has completed the sale of two solar power plants, Brockville 2 and Burritts Rapids, to TransCanada Corporation. The two plants have a total capacity of 16MW and are valued at over C$95 million (US$92.2 million). The sale was completed on September 30th 2013.

“The Canadian Solar team has now taken several large solar power projects from the very initial stages of development all the way through design, engineering, construction and final sale to the end customer” said Dr Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc.

The Brockville 2 solar power plant has a capacity of 9MW and is located in the city of Brockville in Eastern Ontario while the 7MW Burritts Rapids plant is situated in Ottawa. The two plants are part of the nine solar plant portfolio that Canadian Solar Solutions has agreed to build and sell to TransCanada for approximately C$470 million and the transaction follows the closing of the sale of Brockville 1 to TransCanada in June 2013.

Further information:

TransCanada

Canadian Solar

Tags: Solar ,Canada
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