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Canadian Solar completes sale of 2 plants

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October 2, 2013 07:35 AM EST | AP


GUELPH, Ontario — GUELPH, Ontario (AP) — Canadian Solar has closed on the sale of two of its solar power plants to energy infrastructure company TransCanada Corp.

The solar company said Wednesday that the two Canadian plants, Brockville 2 and Burritts Rapids, are valued at more than $92.2 million.

The Brockville 2 plant totals 9 megawatt AC, while the Burritts Rapids plant totals 7 megawatt AC.

The two plants are part of a portfolio of nine plants totaling 86 megawatts AC that Canadian Solar Solutions Inc., a Canadian Solar subsidiary, has agreed to build and sell to TransCanada for approximately 470 million Canadian dollars ($454.5 million).