Canadian Solar Solutions sells Beamlight and Alfred Solar Power Plants for $115m
Canadian Solar Solutions, a subsidiary of Canadian Solar has sold its 10 megawatt (MW) AC BeamLight and 10 MW AC Alfred solar power plants to 9285806 Canada and Concord BeamLight GP2 for more than $115m.
Located in Georgina, Ontario, the BeamLight plant uses about 46,224 Canadian Solar MaxPower CS6X-P photo voltaic (PV) modules, while the Alfred plant, which is located in Alfred, Ontario uses about 46,656 Canadian Solar MaxPower CS6X–P PV modules.
Canadian Solar chairman and CEO Dr Shawn Qu said: "We are very pleased to announce the successful sale of two operating solar power plants in Canada.
“This deal demonstrates that we are well on track to monetise our quality solar power plant assets to recycle our capital and strengthen our balance sheet.
“This is another successful cooperation between Canadian Solar and Concord Green Energy after a previous transaction of five solar power plants in Canada. "
Both the plants are expected to generate approximately 35,941 MWh of clean solar energy annually and 665,130 MWh over a period of 20 years.
During their lifetime, the systems are expected to displace about 467,437tof carbon dioxide.
9285806 Canada and Concord BeamLight are affiliates of Concord Green Energy.