The Mighty Solar 10 MW AC solar power plant is located in the town of Chesterville, Ontario.
GUELPH, Ontario, Sept. 10, 2014 -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that its wholly owned subsidiary, Canadian Solar Solutions Inc., completed the sale of the 10 MW AC Mighty Solar power plant ("Mighty Solar") valued at over C$60 million ($54.9) to One West Holdings Ltd., an affiliate of Concord Green Energy ("Concord"). The Mighty Solar 10 MW AC solar power plant is located in the town of Chesterville, Ontario.
Dr. Shawn Qu, Chairman and Chief Executive Office of Canadian Solar, commented, "We are pleased to complete the sale and transfer of the second utility-scale solar project to Concord Green Energy. This is an important milestone for Canadian Solar to have executed two of the five projects under the purchase sales agreement. It is important to have a partner who shares our vision of creating clean renewable energy for the future generations to come. We are pleased to support Concord on their investments in green energy opportunities within Ontario while fulfilling their mission of creating sustainable communities. We look forward to continued successful cooperation with Concord."
About Concord Green Energy Inc.
Concord Green Energy was created to explore and support variety of zero carbon energy producing projects of scale. Energy considerations and solutions will be significant to success of the sustainable communities of the future. Planning for infrastructure needs and requirements of Canadians has always been a cornerstone to Canada's first urban community builder, Concord Pacific. Creating sustainable and clean energy to power the communities of the future is the vision of Concord Green Energy. For more information visit concordpacific.com.
About Canadian Solar Inc.
Founded in 2001 in Ontario, Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar has an industry leading and geographically diversified pipeline of utility-scale solar power projects as well as a track record of successful solar deployment boasting over 7 GW of premium quality modules installed in over 70 countries during the past decade. Canadian Solar is committed to providing high-quality solar products and solar energy solutions to customers around the world. For more information about our company, products and projects please visit www.canadiansolar.com.