Canadian Solar: Fund buys two solar power plants
Guelph, Kanada - Canadian Solar has sold two utility-scale solar power plants totaling 20 megawatts to a fund managed by BlackRock. The valuation is comparable to other recent project sales completed by Canadian Solar on a per megawatt basis in the Ontario market, the company said in a press release on Thursday.
The two utility-scale solar power plants are expected to include approximately 95,890 Canadian Solar CS6X modules, which are manufactured with uncompromised quality, durability, performance and value. In addition, the power plants will power approximately 3,340 homes, and will provide emissions free energy to Ontarians over their 20-year operational period covered under the Ontario Power Authority contracts.
Source: IWR Online, 04 Oct 2013