Canadian Solar Inc. and TransCanada Corporation Announce Sales Agreement for 86MW Solar PV Project Portfolio in Ontario, Canada
Canadian Solar Inc. (the "Company", "we" or "Canadian Solar") (NASDAQ: CSIQ - News), one of the world's largest solar companies, today announced that its wholly owned subsidiary, Canadian Solar Solutions Inc. (CSSI), has entered into a sales agreement with TransCanada Corporation (TSX, NYSE: TRP) (TransCanada), whereby TransCanada will acquire from Canadian Solar a 86 megawatts (MW) AC solar project portfolio for approximately $470 million Canadian dollars.
Under the agreement, CSSI will provide TransCanada with 9 fully-operational and commissioned utility-scale solar projects across the Province of Ontario which are expected to come into service between late 2012 and mid-2013.
- Published: 20 December 2011
- Written by Editor