Canadian Solar sells two solar power plants at over USD115 Mn

By Editor


Canadian Solar announced that its wholly owned subsidiary, Canadian Solar Solutions completed the sale of its 10 MW AC BeamLight and its 10 MW AC Alfred solar power plants to 9285806 Canada and Concord BeamLight GP2, affiliates of Concord Green Energy.

The transaction is valued over CAD152.5 Million (USD115 Million), the company said.

The BeamLight plant is located in Georgina, Ontario and uses approximately 46,224 Canadian Solar MaxPower CS6X-P PV modules. The Alfred plant is located in Alfred, Ontario and uses about 46,656 Canadian Solar MaxPower CS6X–P PV modules.

The amount of clean solar energy that the plants will collectively generate is estimated at 35,941 MWh per year and 665,130 MWh over 20 years.

The amount of carbon dioxide that will be displaced during the systems’ 20 year lifetimes is approximately 467,437 metric tons, equivalent to taking around 98,738 cars off of the road for one year.

Dr. Shawn Qu, chairman and chief executive officer of Canadian Solar, said, “This is another successful cooperation between Canadian Solar and Concord Green Energy after a previous transaction of 5 solar power plants in Canada. We value our strategic partnership with Concord Green Energy and look forward to continuing our successful cooperation.”

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