Canadian Solar sells 345-MWp duo in NSW to CalEnergy
Solar panels in New South Wales. Image by NSW Department of Planning and Environment (www.planning.nsw.gov.au/).
Canadian Solar Inc (NASDAQ:CSIQ) has concluded the sale of two solar farms in the Australian state of New South Wales with a combined capacity of 345 MWp to a subsidiary of Northern Powergrid Holdings Company.
CalEnergy Resources (Australia) Ltd has acquired the Suntop and Gunnedah solar power plants, which have already reached substantial completion and are able to produce more than 700,000 MWh of electricity per year.
As previously reported, the two solar parks are contracted by US e-commerce giant Amazon.com Inc (NASDAQ:AMZN).
Canadian Solar and CalEnergy have also signed a multi-year development services deal as a framework for them to cooperate in Australia.
"The sale of these projects in New South Wales paves the way for a strong collaboration between our respective companies. In Australia, we have now brought seven development projects to NTP (notice-to-proceed) and beyond, and continue to develop and grow our multi-GW solar and storage pipeline," commented Shawn Qu, chairman and CEO of Canadian Solar.