Canadian Solar completes sale of solar plant to BluEarth

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Canadian Solar completes sale of solar plant to BluEarth

Canadian Solar has announced completion of the sale of its 10 MW LunarLight solar facility to BluEarth Renewables in Canada.

Canadian Solar Solutions Inc., a wholly owned subsidiary of Canadian Solar, sold the plant to a subsidiary of BluEarth Renewables Inc. The facility is valued at approximately CA$65 million (US$53 million).

Located in Belleville, Ontario, the 10 MW LunarLight site is the last in a series of four power plants acquired by BluEarth from Canadian solar. The project uses Canadian Solar's CS6X-300/305P modules made in Canada.

Dr. Shawn Qu, Chairman and CEO of Canadian Solar, has commented:

"We are pleased to announce the closing of the fourth utility-scale solar power to BluEarth Renewables, a private independent renewable power producer. The completion of the LunarLight project underscores Canadian Solar's position as a global energy provider in the Ontario landscape. We take great pride in the diverse project portfolio that we have built in North America."

Canadian Solar has successfully deployed over 10 GW of modules in over 70 countries around the world. As we reported last month, the company recently closed £35 million in solar project financing with Investec.

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