Canadian Solar completes sale of 10-MW solar power plant

Canadian Solar Inc (NASDAQ:CSIQ) today said its wholly owned subsidiary Canadian Solar Solutions Inc has completed the sale of the 10-MW EarthLight solar power plant.

The buyer is One West Holdings Ltd, an affiliate of Concord Green Energy Inc with BowMont Capital and Advisory acting as financial advisor to Concord on this transaction.

"This is the fifth plant we have purchased from Canadian Solar in the past year and a half for a total installed capacity of 49 MW," Cliff McCracken, senior vice-president at Concord, noted.

Just two days ago Canadian Solar announced the sale of the 9-MW Aria solar power plant in Ontario, to One West Holdings.

The Earthlight plant, valued at over CAD 69.4 million (USD 49.7m/EUR 45.6m), is located in Georgina, Ontario and consists of approximately 45,648 Canadian Solar MaxPower CS6X-300/310P PV modules.

The facility is estimated to generate some 17,892 MWh of electricity per year and 344,697 MWh over 20 years, displacing approximately 237,686 metric tons of carbon dioxide over its 20-year lifetime.

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