TransCanada Corporation signs sales agreement with Canadian Solar for 86MW Solar PV project portfolio

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TransCanada Corporation signs sales agreement with Canadian Solar for 86MW Solar PV project portfolio


Canadian Solar, one of the world’s largest solar
companies, announced that TransCanada, one of the North American largest
providers of gas storage and related services, has signed a sales agreement to acquire
an 86 megawatts (MW) AC solar project portfolio for approximately $470
million Canadian dollars from Canadian Solar’s subsidiary, Canadian Solar
Solutions Inc. (CSSI).

“This agreement with TransCanada is a true
achievement for the solar industry in Canada, and an important milestone
for Canadian Solar as we continue to expand our total solutions business to
promote the expansion of solar power worldwide. We are proud of our association
with TransCanada, one of North America’s strongest and most successful
energy infrastructure companies, which have chosen to partner with us for their
entry into the Solar PV space,” said Dr. Shawn Qu, chairman and chief
executive officer of
Canadian Solar Inc.

All solar PV modules used
in the portfolio will be manufactured at Canadian Solar’s manufacturing
facility in Guelph, Ontario.

CSSI will hand over TransCanada nine
fully-operational and commissioned utility-scale solar projects across the
Province of Ontario. These solar projects are all contracted assets
under Ontario’s Feed-In Tariff Program and expected to come into service
between late 2012 and mid-2013.


By GreentechLead.com Team
[email protected]

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