This solar power plant is valued at over CAD$68 million (US$54 million) and uses approximately 46,800 of Canadian Solar's CSX6-300|305|310P panels.
GUELPH, Ontario, March 30, 2015 -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced the sale of the 10 MW AC GoldLight ("GoldLight") solar power plant to an affiliate of DIF Infrastructure III ("DIF"). This solar power plant is valued at over CAD$68 million (US$54 million) and uses approximately 46,800 of Canadian Solar's CSX6-300|305|310P panels. The GoldLight plant is located in the Town of Georgina, Ontario, Canada. It reached commercial operation on January 30, 2015, and will sell electricity pursuant to a 20-year Ontario Power Authority feed-in tariff contract.
"The GoldLight project represents another attractive addition to DIF's growing portfolio of North American renewable energy projects. DIF's relationship with Canadian Solar has been a key contributor to our expansion," said Paul Huebener, Head of DIF Americas.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, "We are pleased to announce the completion of the GoldLight power plant sale, one of several transactions between Canadian Solar and DIF. Our successful cooperation with DIF highlights our shared commitment to expanding the use of renewable solar energy in North America."
About Canadian Solar Inc.
Founded in 2001 in Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and a provider of solar energy solutions, Canadian Solar has a geographically diversified pipeline of utility-scale power projects. In the past 14 years, Canadian Solar has successfully deployed over 9 GW of premium quality modules in over 70 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the world, having been publically listed on NASDAQ since 2006. For additional information about the company, products, and projects, please visit www.canadiansolar.com.