Canadian Solar Completes Sale of Two Solar Power Plants to TransCanada
Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that its wholly owned subsidiary, Canadian Solar Solutions Inc., has completed the sale of two solar power plants, Brockville 2 and Burritts Rapids, totalling 16.0 megawatt AC and valued at over C$95.0 million ($92.2 million), to TransCanada Corporation (TSX, NYSE: TRP) ("TransCanada") on September 30, 2013
"We are delighted to announce the completion of the sale of these two projects, underscoring the success of our partnership with TransCanada, one of North America's most successful energy infrastructure companies," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc. "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. Our proven solar project experience, global brand, and comprehensive partner network -- encompassing financing through construction – sets Canadian Solar apart and positions us as a leading provider of solar power solutions with global reach."
The Brockville 2 solar power plant totals 9.0 megawatt AC and is located in the city of Brockville