Canadian Solar Completes Sale of 3 Utility-Scale Solar Plants

Guelph, Canada - Canadian Solar Inc. announced that it has completed the sale of the outstanding shares of 3 utility-scale solar farm holding companies, SSM 1 Solar ULC, SSM 2 Solar ULC, and SSM 3 Solar ULC, totaling 59.8 MW AC to Fengate SSM Holdco LP, an affiliate of Fengate Real Asset Investments for over CAD257 Million (USD195.32 Million).

The transaction was closed on February 1, 2017 and the Company expects to recognize the difference between the sales proceeds and the book value of the projects under

Source: IWR Online, 07 Feb 2017